Petrobras (PBR) closed the most recent trading day at $12.07, moving -1.27% from the previous trading session. This change lagged the S&P 500’s 0% on the day. At the same time, the Dow added 0.07%, and the tech-heavy Nasdaq gained 0.06%.
Prior to today’s trading, shares of the oil and gas company had gained 16.48% over the past month. This has outpaced the Oils-Energy sector’s gain of 2.42% and the S&P 500’s gain of 0.78% in that time.
PBR will be looking to display strength as it nears its next earnings release, which is expected to be November 13, 2018. On that day, PBR is projected to report earnings of $0.58 per share, which would represent year-over-year growth of 1833.33%. Meanwhile, our latest consensus estimate is calling for revenue of $24.64 billion, up 8.56% from the prior-year quarter.
PBR’s full-year Zacks Consensus Estimates are calling for earnings of $1.64 per share and revenue of $96.53 billion. These results would represent year-over-year changes of +134.29% and +8.68%, respectively.
Investors might also notice recent changes to analyst estimates for PBR. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. PBR is holding a Zacks Rank of #1 (Strong Buy) right now.
Digging into valuation, PBR currently has a Forward P/E ratio of 7.47. For comparison, its industry has an average Forward P/E of 10.01, which means PBR is trading at a discount to the group.
The Oil and Gas – Integrated – Emerging Markets industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 15, which puts it in the top 6% 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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