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Petrobras (PBR) Advances While Market Declines: Some Information for Investors
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Petrobras (PBR - Free Report) ended the recent trading session at $21.78, demonstrating a +2.96% change from the preceding day's closing price. This change outpaced the S&P 500's 0.45% loss on the day. At the same time, the Dow lost 0.63%, and the tech-heavy Nasdaq lost 0.78%.
Shares of the oil and gas company witnessed a gain of 15.89% over the previous month, beating the performance of the Oils-Energy sector with its gain of 2%, and the S&P 500's loss of 1.99%.
The investment community will be closely monitoring the performance of Petrobras in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.99, reflecting a 20.73% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $28.74 billion, indicating a 22.43% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.81 per share and a revenue of $114.38 billion, representing changes of +71.79% and +28.23%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Petrobras. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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. Over the past month, the Zacks Consensus EPS estimate has remained steady. As of now, Petrobras holds a Zacks Rank of #3 (Hold).
From a valuation perspective, Petrobras is currently exchanging hands at a Forward P/E ratio of 4.4. This indicates a discount in contrast to its industry's Forward P/E of 8.9.
One should further note that PBR currently holds a PEG ratio of 0.83. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company'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 0.68.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 69, this industry ranks in the top 29% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual 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.
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) Advances While Market Declines: Some Information for Investors
Petrobras (PBR - Free Report) ended the recent trading session at $21.78, demonstrating a +2.96% change from the preceding day's closing price. This change outpaced the S&P 500's 0.45% loss on the day. At the same time, the Dow lost 0.63%, and the tech-heavy Nasdaq lost 0.78%.
Shares of the oil and gas company witnessed a gain of 15.89% over the previous month, beating the performance of the Oils-Energy sector with its gain of 2%, and the S&P 500's loss of 1.99%.
The investment community will be closely monitoring the performance of Petrobras in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.99, reflecting a 20.73% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $28.74 billion, indicating a 22.43% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.81 per share and a revenue of $114.38 billion, representing changes of +71.79% and +28.23%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Petrobras. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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. Over the past month, the Zacks Consensus EPS estimate has remained steady. As of now, Petrobras holds a Zacks Rank of #3 (Hold).
From a valuation perspective, Petrobras is currently exchanging hands at a Forward P/E ratio of 4.4. This indicates a discount in contrast to its industry's Forward P/E of 8.9.
One should further note that PBR currently holds a PEG ratio of 0.83. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company'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 0.68.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 69, this industry ranks in the top 29% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.