Petrobras (PBR) closed the most recent trading day at $14.85, moving -0.07% from the previous trading session. This change was narrower than the S&P 500's 1.66% loss on the day. At the same time, the Dow lost 1.56%, and the tech-heavy Nasdaq lost 3.03%.
Coming into today, shares of the oil and gas company had lost 3.07% in the past month. In that same time, the Oils-Energy sector lost 8.12%, while the S&P 500 lost 2.43%.
Wall Street will be looking for positivity from PBR as it approaches its next earnings report date. This is expected to be March 21, 2019. On that day, PBR is projected to report earnings of $0.59 per share, which would represent year-over-year growth of 195%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $26.09 billion, up 10.72% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.51 per share and revenue of $96.96 billion. These totals would mark changes of +115.71% and +9.15%, respectively, from last year.
Any recent changes to analyst estimates for PBR should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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 7.35% lower. PBR is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that PBR has a Forward P/E ratio of 9.82 right now. This represents a premium compared to its industry's average Forward P/E of 9.38.
The Oil and Gas - Integrated - Emerging Markets industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 22, putting it in the top 9% 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.
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 Report
To read this article on Zacks.com click here.