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Petrobras (PBR) Gains But Lags Market: What You Should Know

In the latest trading session, Comcast (CMCSA) closed at $44.43, marking a -1.46% move from the previous day.

Petrobras (PBR) closed the most recent trading day at $14.39, moving +0.35% from the previous trading session. This move lagged the S&P 500's daily gain of 2.3%. Meanwhile, the Dow gained 2.5%, and the Nasdaq, a tech-heavy index, added 2.95%.

Coming into today, shares of the oil and gas company had lost 12.61% in the past month. In that same time, the Oils-Energy sector lost 4.67%, while the S&P 500 gained 1.21%.

PBR will be looking to display strength as it nears its next earnings release, which is expected to be March 21, 2019. In that report, analysts expect PBR to post earnings of $0.49 per share. This would mark year-over-year growth of 145%. Meanwhile, our latest consensus estimate is calling for revenue of $24.54 billion, up 4.12% from the prior-year quarter.

PBR's full-year Zacks Consensus Estimates are calling for earnings of $1.52 per share and revenue of $95.99 billion. These results would represent year-over-year changes of +117.14% and +8.06%, 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. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.

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 past month, the Zacks Consensus EPS estimate has moved 4.21% lower. PBR is holding a Zacks Rank of #3 (Hold) right now.

In terms of valuation, PBR is currently trading at a Forward P/E ratio of 9.45. This valuation marks a premium compared to its industry's average Forward P/E of 8.87.

The Oil and Gas - Integrated - Emerging Markets industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 239, putting it in the bottom 7% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our 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.

You can find more information on all of these metrics, and much more, on Zacks.com.

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Petroleo Brasileiro S.A.- Petrobras (PBR) : Free Stock Analysis Report
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