BRF (BRFS) Stock Slides as Market Rises: Facts to Know Before You Trade

BRF (BRFS) ended the recent trading session at $3.18, demonstrating a -0.31% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 2.13%. Meanwhile, the Dow experienced a rise of 1.65%, and the technology-dominated Nasdaq saw an increase of 2.61%.The chicken, beef and pork producer's shares have seen a decrease of 6.45% over the last month, not keeping up with the Consumer Staples sector's gain of 2.27% and outstripping the S&P 500's loss of 9.57%.Analysts and investors alike will be keeping a close eye on the performance of BRF in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.09, reflecting a 50% increase from the same quarter last year.BRFS's full-year Zacks Consensus Estimates are calling for earnings of $0.44 per share and revenue of $10.97 billion. These results would represent year-over-year changes of +22.22% and +0.25%, respectively.Investors should also note any recent changes to analyst estimates for BRF. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Within the past 30 days, our consensus EPS projection has moved 1.16% higher. BRF is currently sporting a Zacks Rank of #2 (Buy).Looking at valuation, BRF is presently trading at a Forward P/E ratio of 7.33. This valuation marks a discount compared to its industry's average Forward P/E of 15.81.We can also see that BRFS currently has a PEG ratio of 0.18. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Food - Miscellaneous industry held an average PEG ratio of 1.96.The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 165, finds itself in the bottom 35% echelons 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.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 ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks