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Petrobras (PBR) Stock Sinks As Market Gains: What You Should Know
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Petrobras (PBR - Free Report) closed at $13.63 in the latest trading session, marking a -1.8% move from the prior day. This change lagged the S&P 500's 0.57% gain on the day. Meanwhile, the Dow gained 0.7%, and the Nasdaq, a tech-heavy index, added 0.08%.
Coming into today, shares of the oil and gas company had lost 5.51% in the past month. In that same time, the Oils-Energy sector gained 0.51%, while the S&P 500 lost 5.26%.
Petrobras will be looking to display strength as it nears its next earnings release. In that report, analysts expect Petrobras to post earnings of $0.76 per share. This would mark year-over-year growth of 2433.33%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $27.02 billion, up 72.12% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.72 per share and revenue of $97.18 billion. These totals would mark changes of +56.3% and +15.74%, respectively, from last year.
Any recent changes to analyst estimates for Petrobras should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.54% higher. Petrobras is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Petrobras is holding a Forward P/E ratio of 3.73. For comparison, its industry has an average Forward P/E of 4.81, which means Petrobras is trading at a discount to the group.
Meanwhile, PBR's PEG ratio is currently 0.11. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Integrated - Emerging Markets was holding an average PEG ratio of 0.11 at yesterday's closing price.
The Oil and Gas - Integrated - Emerging Markets industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 30, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Petrobras (PBR) Stock Sinks As Market Gains: What You Should Know
Petrobras (PBR - Free Report) closed at $13.63 in the latest trading session, marking a -1.8% move from the prior day. This change lagged the S&P 500's 0.57% gain on the day. Meanwhile, the Dow gained 0.7%, and the Nasdaq, a tech-heavy index, added 0.08%.
Coming into today, shares of the oil and gas company had lost 5.51% in the past month. In that same time, the Oils-Energy sector gained 0.51%, while the S&P 500 lost 5.26%.
Petrobras will be looking to display strength as it nears its next earnings release. In that report, analysts expect Petrobras to post earnings of $0.76 per share. This would mark year-over-year growth of 2433.33%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $27.02 billion, up 72.12% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.72 per share and revenue of $97.18 billion. These totals would mark changes of +56.3% and +15.74%, respectively, from last year.
Any recent changes to analyst estimates for Petrobras should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.54% higher. Petrobras is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Petrobras is holding a Forward P/E ratio of 3.73. For comparison, its industry has an average Forward P/E of 4.81, which means Petrobras is trading at a discount to the group.
Meanwhile, PBR's PEG ratio is currently 0.11. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Integrated - Emerging Markets was holding an average PEG ratio of 0.11 at yesterday's closing price.
The Oil and Gas - Integrated - Emerging Markets industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 30, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.