Petrobras(US:PBR) ZACKS·2024-09-13 22:51Company Performance - Petrobras (PBR) closed at $14.53, reflecting a +0.62% change from the previous session, outperforming the S&P 500's gain of 0.54% [1] - Over the past month, Petrobras shares have decreased by 4.05%, underperforming the Oils-Energy sector's loss of 3.91% and the S&P 500's gain of 4.86% [1] Upcoming Earnings - Petrobras is set to announce its earnings on November 7, 2024, with projected earnings of $0.98 per share, indicating a year-over-year growth of 13.95% [2] - The consensus estimate for quarterly revenue is $23.25 billion, which represents a 9% decline from the same period last year [2] Annual Forecast - For the entire year, the Zacks Consensus Estimates predict earnings of $3.14 per share and revenue of $94.76 billion, reflecting changes of -24.88% and -7.47% respectively compared to the previous year [3] Analyst Estimates - Recent modifications to analyst estimates for Petrobras are crucial as they reflect near-term business trends, with upward revisions indicating analysts' positive outlook on the company's operations [4] - The consensus EPS projection has decreased by 1.26% in the past 30 days, and Petrobras currently holds a Zacks Rank of 3 (Hold) [6] Valuation Metrics - Petrobras is trading at a Forward P/E ratio of 4.6, which is higher than the industry average Forward P/E of 4.26, suggesting a premium valuation [7] - The company has a PEG ratio of 0.17, which is in line with the average PEG ratio of the Oil and Gas - Integrated - Emerging Markets industry [8] Industry Context - The Oil and Gas - Integrated - Emerging Markets industry is part of the Oils-Energy sector and currently holds a Zacks Industry Rank of 214, placing it in the bottom 16% of over 250 industries [9]