Petrobras (PBR) closed the most recent trading day at $17.97, moving +2.86% from the previous trading session. This change outpaced the S&P 500's 1.01% loss on the day. At the same time, the Dow lost 0.77%, and the tech-heavy Nasdaq lost 1.4%.
The stock of oil and gas company has risen by 4.3% in the past month, leading the Oils-Energy sector's gain of 1.22% and the S&P 500's gain of 0.32%.
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. The company is expected to report EPS of $1.35, up 110.94% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $33.44 billion, up 58.94% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.28 per share and a revenue of $116.34 billion, indicating changes of +52.86% and +30.44%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Petrobras. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 has moved 17.76% lower. Petrobras is currently sporting a Zacks Rank of #5 (Strong Sell).
Digging into valuation, Petrobras currently has a Forward P/E ratio of 4.09. Its industry sports an average Forward P/E of 7.99, so one might conclude that Petrobras is trading at a discount comparatively.
We can additionally observe that PBR currently boasts a PEG ratio of 0.77. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Oil and Gas - Integrated - International industry held an average PEG ratio of 0.62.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 231, positioning it in the bottom 7% of all 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).