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Petrobras (PBR) Increases Despite Market Slip: Here's What You Need to Know
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Petrobras (PBR - Free Report) closed at $20.76 in the latest trading session, marking a +1.52% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.24% for the day. Meanwhile, the Dow experienced a drop of 0.01%, and the technology-dominated Nasdaq saw a decrease of 0.26%.
The oil and gas company's stock has climbed by 8.78% in the past month, exceeding the Oils-Energy sector's loss of 3.27% and the S&P 500's gain of 6.42%.
Investors will be eagerly watching for the performance of Petrobras in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.87, indicating a 40.32% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $25.78 billion, up 22.34% from the year-ago period.
PBR's full-year Zacks Consensus Estimates are calling for earnings of $3.65 per share and revenue of $116.57 billion. These results would represent year-over-year changes of +30.36% and +30.69%, respectively.
It is also important to note the recent changes to analyst estimates for Petrobras. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 22.62% higher. Petrobras is currently a Zacks Rank #1 (Strong Buy).
In terms of valuation, Petrobras is currently trading at a Forward P/E ratio of 5.61. This signifies a discount in comparison to the average Forward P/E of 9.4 for its industry.
Meanwhile, PBR's PEG ratio is currently 0.17. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Oil and Gas - Integrated - International industry had an average PEG ratio of 0.62.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 3, putting it in the top 2% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PBR in the coming trading sessions, be sure to utilize Zacks.com.
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Petrobras (PBR) Increases Despite Market Slip: Here's What You Need to Know
Petrobras (PBR - Free Report) closed at $20.76 in the latest trading session, marking a +1.52% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.24% for the day. Meanwhile, the Dow experienced a drop of 0.01%, and the technology-dominated Nasdaq saw a decrease of 0.26%.
The oil and gas company's stock has climbed by 8.78% in the past month, exceeding the Oils-Energy sector's loss of 3.27% and the S&P 500's gain of 6.42%.
Investors will be eagerly watching for the performance of Petrobras in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.87, indicating a 40.32% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $25.78 billion, up 22.34% from the year-ago period.
PBR's full-year Zacks Consensus Estimates are calling for earnings of $3.65 per share and revenue of $116.57 billion. These results would represent year-over-year changes of +30.36% and +30.69%, respectively.
It is also important to note the recent changes to analyst estimates for Petrobras. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 22.62% higher. Petrobras is currently a Zacks Rank #1 (Strong Buy).
In terms of valuation, Petrobras is currently trading at a Forward P/E ratio of 5.61. This signifies a discount in comparison to the average Forward P/E of 9.4 for its industry.
Meanwhile, PBR's PEG ratio is currently 0.17. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Oil and Gas - Integrated - International industry had an average PEG ratio of 0.62.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 3, putting it in the top 2% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PBR in the coming trading sessions, be sure to utilize Zacks.com.