Petrobras (PBR) Advances While Market Declines: Some Information for Investors

Petrobras (PBR) closed the most recent trading day at $12.84, moving +2.31% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.3%. On the other hand, the Dow registered a loss of 0.46%, and the technology-centric Nasdaq decreased by 0.38%. Shares of the oil and gas company have appreciated by 0.32% over the course of the past month, underperforming the Oils-Energy sector's gain of 3.2%, and the S&P 500's gain of 3.64%.Investors will be eagerly watching for the performance of Petrobras in its upcoming earnings disclosure. In that report, analysts expect Petrobras to post earnings of $0.64 per share. This would mark year-over-year growth of 36.17%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $20.25 billion, down 13.73% from the year-ago period. For the full year, the Zacks Consensus Estimates project earnings of $2.72 per share and a revenue of $81.97 billion, demonstrating changes of -8.72% and -10.33%, respectively, from the preceding year. Investors should also take note of any recent adjustments to analyst estimates for Petrobras. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential. Our research demonstrates that these adjustments in estimates directly associate with imminent 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 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. The Zacks Consensus EPS estimate has moved 2.45% lower within the past month. At present, Petrobras boasts a Zacks Rank of #3 (Hold). Looking at its valuation, Petrobras is holding a Forward P/E ratio of 4.62. This indicates a discount in contrast to its industry's Forward P/E of 11.46. The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 162, finds itself in the bottom 35% echelons of all 250+ industries. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within 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. Higher. Faster. Sooner. Buy These Stocks NowA small number of stocks are primed for a breakout, and you have a chance to get in before they take off.At any given time, there are only 220 Zacks Rank #1 Strong Buys. On average, this list more than doubles the S&P 500. We’ve combed through the latest Strong Buys and selected 7 compelling companies likely to jump sooner and climb higher than any other stock you could buy this month.You'll learn everything you need to know about these exciting trades in our brand-new Special Report, 7 Best Stocks for the Next 30 Days.Download the report free now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Petroleo Brasileiro S.A.- Petrobras (PBR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks