Company Performance - Petrobras (PBR) closed at 0.82 per share, indicating a year-over-year decline of 35.43% [2] - The Zacks Consensus Estimate for revenue is $22.63 billion, down 16.5% from the previous year [2] Analyst Estimates - Changes in analyst estimates for Petrobras are crucial as they reflect short-term business dynamics [3] - Positive estimate revisions indicate analyst optimism regarding the company's business and profitability [3] Zacks Rank and Valuation - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Petrobras at 3 (Hold) [5] - Over the past month, the Zacks Consensus EPS estimate has decreased by 5.21% [5] - Petrobras has a Forward P/E ratio of 4.71, which is lower than the industry average of 8.32, indicating it is trading at a discount [6] PEG Ratio - Petrobras has a PEG ratio of 0.17, significantly lower than the industry average PEG ratio of 1.39 [7] Industry Overview - The Oil and Gas - Integrated - International industry, which includes Petrobras, has a Zacks Industry Rank of 70, placing it in the top 28% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]
Petrobras (PBR) Stock Drops Despite Market Gains: Important Facts to Note