Petrobras (PBR) Stock Dips While Market Gains: Key Facts

Company Performance - Petrobras closed at $12.70, reflecting a -2.83% change from the previous day, underperforming compared to the S&P 500's 0.96% gain [1] - Prior to this trading session, Petrobras shares had increased by 10.39%, surpassing the Oils-Energy sector's gain of 6.67% and the S&P 500's gain of 0.5% [1] Earnings Projections - The upcoming EPS for Petrobras is projected at $0.65, indicating a 38.30% increase compared to the same quarter last year [2] - Revenue is estimated to be $20.36 billion, reflecting a 13.24% decline from the corresponding quarter of the previous year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are expected to be $2.79 per share, with revenue projected at $83.32 billion, representing changes of -6.38% and -8.86% respectively from the previous year [3] - Recent analyst estimate revisions are crucial as they reflect near-term business trends, with upward revisions indicating positive sentiment towards the company's operations [3] Stock Performance and Ranking - The Zacks Rank system, which assesses stock performance based on estimate changes, currently ranks Petrobras at 3 (Hold) [5] - Over the past month, the Zacks Consensus EPS estimate for Petrobras has increased by 1.27% [5] Valuation Metrics - Petrobras is currently trading at a Forward P/E ratio of 4.69, which is significantly lower than its industry's Forward P/E of 11.11 [6] - The Oil and Gas - Integrated - International industry, which includes Petrobras, holds a Zacks Industry Rank of 202, placing it in the bottom 18% of over 250 industries [6]