Petrobras(US:PBR) ZACKS·2024-06-26 22:55Company Performance - Petrobras (PBR) closed at $14.21, reflecting a -0.63% change from the previous trading day, underperforming the S&P 500's gain of 0.16% [1] - The stock has dropped by 6.23% in the past month, compared to the Oils-Energy sector's loss of 0.71% and the S&P 500's gain of 3.22% [6] Earnings Forecast - Petrobras is forecasted to report an EPS of $0.86, indicating a 4.44% decrease from the same quarter last year [2] - The consensus estimate for revenue is $24.66 billion, which represents a 7.31% increase from the prior-year quarter [2] - For the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.54 per share and revenue of $98.78 billion, reflecting changes of -15.31% and -3.54% respectively from the previous year [7] Analyst Estimates and Rankings - Recent modifications to analyst estimates for Petrobras indicate short-term business trends, with a consensus EPS projection moving 0.98% lower in the past 30 days [3][4] - Petrobras currently holds a Zacks Rank of 3 (Hold), which is a neutral rating [4] Industry Context - The Oil and Gas - Integrated - Emerging Markets industry has a Zacks Industry Rank of 99, placing it in the top 40% of over 250 industries [5] - The average PEG ratio for the Oil and Gas - Integrated - Emerging Markets industry is 0.58, while Petrobras has a PEG ratio of 0.15, indicating a lower valuation relative to growth expectations [9] Valuation Metrics - Petrobras is trading at a Forward P/E ratio of 4.04, which is a discount compared to the industry's average Forward P/E of 4.22 [11]