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Petrobras (PBR) Stock Declines While Market Improves: Some Information for Investors
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In the latest close session, Petrobras (PBR - Free Report) was down 4.39% at $21.01. This change lagged the S&P 500's daily gain of 1.18%. At the same time, the Dow added 0.66%, and the tech-heavy Nasdaq gained 1.96%.
The oil and gas company's stock has climbed by 14.61% in the past month, exceeding the Oils-Energy sector's gain of 2.34% and the S&P 500's gain of 3.93%.
Market participants will be closely following the financial results of Petrobras in its upcoming release. It is anticipated that the company will report an EPS of $0.87, marking a 40.32% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $25.78 billion, showing a 22.34% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.65 per share and a revenue of $116.57 billion, representing changes of +30.36% and +30.69%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Petrobras. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 22.62% upward. Petrobras is currently sporting a Zacks Rank of #1 (Strong Buy).
Looking at valuation, Petrobras is presently trading at a Forward P/E ratio of 6.03. This signifies a discount in comparison to the average Forward P/E of 10.1 for its industry.
We can also see that PBR currently has a PEG ratio of 0.18. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Oil and Gas - Integrated - International industry was having an average PEG ratio of 0.64.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 5, this industry ranks in the top 3% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Petrobras (PBR) Stock Declines While Market Improves: Some Information for Investors
In the latest close session, Petrobras (PBR - Free Report) was down 4.39% at $21.01. This change lagged the S&P 500's daily gain of 1.18%. At the same time, the Dow added 0.66%, and the tech-heavy Nasdaq gained 1.96%.
The oil and gas company's stock has climbed by 14.61% in the past month, exceeding the Oils-Energy sector's gain of 2.34% and the S&P 500's gain of 3.93%.
Market participants will be closely following the financial results of Petrobras in its upcoming release. It is anticipated that the company will report an EPS of $0.87, marking a 40.32% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $25.78 billion, showing a 22.34% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.65 per share and a revenue of $116.57 billion, representing changes of +30.36% and +30.69%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Petrobras. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 22.62% upward. Petrobras is currently sporting a Zacks Rank of #1 (Strong Buy).
Looking at valuation, Petrobras is presently trading at a Forward P/E ratio of 6.03. This signifies a discount in comparison to the average Forward P/E of 10.1 for its industry.
We can also see that PBR currently has a PEG ratio of 0.18. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Oil and Gas - Integrated - International industry was having an average PEG ratio of 0.64.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 5, this industry ranks in the top 3% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.