In the latest trading session, Petrobras (PBR) closed at $18.77, marking a -1.21% move from the previous day. This change lagged the S&P 500's 0.05% gain on the day. Meanwhile, the Dow experienced a rise of 0.46%, and the technology-dominated Nasdaq saw a decrease of 0.64%.
The oil and gas company's shares have seen an increase of 15.01% over the last month, surpassing the Oils-Energy sector's gain of 6.52% and the S&P 500's gain of 0.61%.
The investment community will be paying close attention to the earnings performance of Petrobras in its upcoming release. The company is slated to reveal its earnings on August 6, 2026. In that report, analysts expect Petrobras to post earnings of $1.35 per share. This would mark year-over-year growth of 110.94%. Meanwhile, our latest consensus estimate is calling for revenue of $33.44 billion, up 58.94% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.28 per share and revenue of $116.34 billion, indicating changes of +52.86% and +30.44%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications 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.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 9.33% downward. Petrobras is currently sporting a Zacks Rank of #5 (Strong Sell).
Investors should also note Petrobras's current valuation metrics, including its Forward P/E ratio of 4.44. This signifies a discount in comparison to the average Forward P/E of 8.99 for its industry.
Meanwhile, PBR's PEG ratio is currently 0.84. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. PBR's industry had an average PEG ratio of 0.67 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 235, placing it within the bottom 5% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Petroleo Brasileiro S.A.- Petrobras (PBR): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).