In the latest trading session, PBF Energy (PBF) closed at $28.28, marking a -0.18% move from the previous day. This move lagged the S&P 500's daily gain of 0.69%. Elsewhere, the Dow gained 0.64%, while the tech-heavy Nasdaq lost 0.2%.
Heading into today, shares of the refiner had lost 20.84% over the past month, lagging the Oils-Energy sector's loss of 0.21% and the S&P 500's loss of 9.94% in that time.
PBF Energy will be looking to display strength as it nears its next earnings release. In that report, analysts expect PBF Energy to post earnings of $5.94 per share. This would mark year-over-year growth of 4850%. Meanwhile, our latest consensus estimate is calling for revenue of $10.51 billion, up 46.22% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $19.96 per share and revenue of $43.9 billion, which would represent changes of +898.4% and +61.09%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for PBF Energy. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
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. Within the past 30 days, our consensus EPS projection has moved 6.22% higher. PBF Energy currently has a Zacks Rank of #1 (Strong Buy).
In terms of valuation, PBF Energy is currently trading at a Forward P/E ratio of 1.42. This represents a discount compared to its industry's average Forward P/E of 5.33.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 8, putting it in the top 4% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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