The most recent trading session ended with BRF (BRFS) standing at $3.90, reflecting a -0.26% shift from the previouse trading day's closing. The stock's performance was ahead of the S&P 500's daily loss of 1.11%. At the same time, the Dow lost 0.42%, and the tech-heavy Nasdaq lost 1.89%.
The chicken, beef and pork producer's stock has dropped by 16.99% in the past month, falling short of the Consumer Staples sector's loss of 5.93% and the S&P 500's loss of 1.7%.
Investors will be eagerly watching for the performance of BRF in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.14, showcasing a 6.67% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $2.74 billion, indicating a 61.67% growth compared to the corresponding quarter of the prior year.
Any recent changes to analyst estimates for BRF should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 4.55% decrease. BRF is currently sporting a Zacks Rank of #3 (Hold).
Looking at valuation, BRF is presently trading at a Forward P/E ratio of 9.31. For comparison, its industry has an average Forward P/E of 16.48, which means BRF is trading at a discount to the group.
We can additionally observe that BRFS currently boasts a PEG ratio of 0.23. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Food - Miscellaneous industry had an average PEG ratio of 2.79.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 201, putting it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>BRF S.A. (BRFS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
