Petrobras (PBR) closed the most recent trading day at $21.23, moving +1.29% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.49%. Meanwhile, the Dow lost 0.05%, and the Nasdaq, a tech-heavy index, lost 0.9%.
The stock of oil and gas company has risen by 0.72% in the past month, leading the Oils-Energy sector's loss of 4.6% and undershooting the S&P 500's gain of 12.8%.
Investors will be eagerly watching for the performance of Petrobras in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.91, signifying a 46.77% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $25.78 billion, indicating a 22.34% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.18 per share and revenue of $116.57 billion. These totals would mark changes of +49.29% and +30.69%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Petrobras. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 last 30 days, the Zacks Consensus EPS estimate has moved 40.62% higher. 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 5.01. This indicates a discount in contrast to its industry's Forward P/E of 7.81.
One should further note that PBR currently holds a PEG ratio of 0.86. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Oil and Gas - Integrated - International stocks are, on average, holding a PEG ratio of 0.65 based on yesterday's closing prices.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 5, placing it within the top 3% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next 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).