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Petrobras (PBR) Stock Sinks As Market Gains: What You Should Know
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In the latest close session, Petrobras (PBR - Free Report) was down 3.95% at $20.91. The stock's change was less than the S&P 500's daily gain of 1.46%. On the other hand, the Dow registered a gain of 1.24%, and the technology-centric Nasdaq increased by 2.03%.
Prior to today's trading, shares of the oil and gas company had gained 5.12% outpaced the Oils-Energy sector's gain of 2.54% and lagged the S&P 500's gain of 10.32%.
Analysts and investors alike will be keeping a close eye on the performance of Petrobras in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.93, marking a 50% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $26.22 billion, indicating a 24.41% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.66 per share and revenue of $117.76 billion. These totals would mark changes of +66.43% and +32.03%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Petrobras. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
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, there's been a 39.87% rise in the Zacks Consensus EPS estimate. Currently, Petrobras is carrying a Zacks Rank of #1 (Strong Buy).
Investors should also note Petrobras's current valuation metrics, including its Forward P/E ratio of 4.67. This signifies a discount in comparison to the average Forward P/E of 8.2 for its industry.
It's also important to note that PBR currently trades at a PEG ratio of 0.81. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Oil and Gas - Integrated - International industry had an average PEG ratio of 0.63 as trading concluded yesterday.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 8, this industry ranks in the top 4% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Petrobras (PBR) Stock Sinks As Market Gains: What You Should Know
In the latest close session, Petrobras (PBR - Free Report) was down 3.95% at $20.91. The stock's change was less than the S&P 500's daily gain of 1.46%. On the other hand, the Dow registered a gain of 1.24%, and the technology-centric Nasdaq increased by 2.03%.
Prior to today's trading, shares of the oil and gas company had gained 5.12% outpaced the Oils-Energy sector's gain of 2.54% and lagged the S&P 500's gain of 10.32%.
Analysts and investors alike will be keeping a close eye on the performance of Petrobras in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.93, marking a 50% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $26.22 billion, indicating a 24.41% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.66 per share and revenue of $117.76 billion. These totals would mark changes of +66.43% and +32.03%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Petrobras. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
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, there's been a 39.87% rise in the Zacks Consensus EPS estimate. Currently, Petrobras is carrying a Zacks Rank of #1 (Strong Buy).
Investors should also note Petrobras's current valuation metrics, including its Forward P/E ratio of 4.67. This signifies a discount in comparison to the average Forward P/E of 8.2 for its industry.
It's also important to note that PBR currently trades at a PEG ratio of 0.81. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Oil and Gas - Integrated - International industry had an average PEG ratio of 0.63 as trading concluded yesterday.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 8, this industry ranks in the top 4% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.