BRF (BRFS) Stock Falls Amid Market Uptick: What Investors Need to Know

BRF (BRFS) ended the recent trading session at $3.37, demonstrating a -0.59% swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.24%. Meanwhile, the Dow gained 0.16%, and the Nasdaq, a tech-heavy index, added 0.08%.Heading into today, shares of the chicken, beef and pork producer had lost 6.09% over the past month, lagging the Consumer Staples sector's gain of 3.29% and the S&P 500's gain of 2.37% in that time.Analysts and investors alike will be keeping a close eye on the performance of BRF in its upcoming earnings disclosure. The company is expected to report EPS of $0.15, unchanged from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $2.74 billion, reflecting a 61.67% rise from the equivalent quarter last year.It's also important for investors to be aware of any recent modifications to analyst estimates for BRF. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. BRF is currently a Zacks Rank #2 (Buy).In terms of valuation, BRF is presently being traded at a Forward P/E ratio of 7.88. This valuation marks a discount compared to its industry's average Forward P/E of 15.91.We can also see that BRFS currently has a PEG ratio of 0.19. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Food - Miscellaneous industry was having an average PEG ratio of 2.52.The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 176, finds itself in the bottom 30% echelons 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.Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BRF S.A. (BRFS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks