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Why the Market Dipped But Petrobras (PBR) Gained Today
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Petrobras (PBR - Free Report) closed at $21.14 in the latest trading session, marking a +1.83% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.76% for the day. Meanwhile, the Dow lost 0.68%, and the Nasdaq, a tech-heavy index, lost 1.13%.
Heading into today, shares of the oil and gas company had gained 16.3% over the past month, outpacing the Oils-Energy sector's loss of 1.06% and the S&P 500's gain of 1.26%.
The upcoming earnings release of Petrobras will be of great interest to investors. The company's earnings report is expected on November 10, 2026. On that day, Petrobras is projected to report earnings of $0.99 per share, which would represent year-over-year growth of 20.73%. At the same time, our most recent consensus estimate is projecting a revenue of $28.74 billion, reflecting a 22.43% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.81 per share and a revenue of $114.38 billion, signifying shifts of +71.79% and +28.23%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Petrobras. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. At present, Petrobras boasts a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Petrobras has a Forward P/E ratio of 4.32 right now. This valuation marks a discount compared to its industry average Forward P/E of 8.6.
Meanwhile, PBR's PEG ratio is currently 0.81. 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. The Oil and Gas - Integrated - International industry currently had an average PEG ratio of 0.62 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 84, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within 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.
View the Zacks #1 Rank List
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Why the Market Dipped But Petrobras (PBR) Gained Today
Petrobras (PBR - Free Report) closed at $21.14 in the latest trading session, marking a +1.83% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.76% for the day. Meanwhile, the Dow lost 0.68%, and the Nasdaq, a tech-heavy index, lost 1.13%.
Heading into today, shares of the oil and gas company had gained 16.3% over the past month, outpacing the Oils-Energy sector's loss of 1.06% and the S&P 500's gain of 1.26%.
The upcoming earnings release of Petrobras will be of great interest to investors. The company's earnings report is expected on November 10, 2026. On that day, Petrobras is projected to report earnings of $0.99 per share, which would represent year-over-year growth of 20.73%. At the same time, our most recent consensus estimate is projecting a revenue of $28.74 billion, reflecting a 22.43% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.81 per share and a revenue of $114.38 billion, signifying shifts of +71.79% and +28.23%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Petrobras. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. At present, Petrobras boasts a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Petrobras has a Forward P/E ratio of 4.32 right now. This valuation marks a discount compared to its industry average Forward P/E of 8.6.
Meanwhile, PBR's PEG ratio is currently 0.81. 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. The Oil and Gas - Integrated - International industry currently had an average PEG ratio of 0.62 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 84, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within 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.