PBF Energy (PBF) closed the most recent trading day at $39.89, moving +0.76% from the previous trading session. The stock outpaced the S&P 500's daily loss of 1.03%. At the same time, the Dow lost 1.15%, and the tech-heavy Nasdaq gained 0.39%.
Prior to today's trading, shares of the refiner had gained 16.54% over the past month. This has outpaced the Oils-Energy sector's of 0% and the S&P 500's loss of 3.51% in that time.
Wall Street will be looking for positivity from PBF Energy as it approaches its next earnings report date. This is expected to be October 27, 2022. In that report, analysts expect PBF Energy to post earnings of $6.16 per share. This would mark year-over-year growth of 5033.33%. Meanwhile, our latest consensus estimate is calling for revenue of $10.51 billion, up 46.22% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $20.69 per share and revenue of $43.9 billion. These totals would mark changes of +927.6% and +61.09%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for PBF Energy. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 7.16% higher. PBF Energy is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that PBF Energy has a Forward P/E ratio of 1.91 right now. This valuation marks a discount compared to its industry's average Forward P/E of 5.68.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 5, putting it in the top 2% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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