In the latest trading session, BRF (BRFS) closed at $4.45, marking a -0.89% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.16%. On the other hand, the Dow registered a loss of 0.37%, and the technology-centric Nasdaq increased by 0.78%.

The chicken, beef and pork producer's shares have seen an increase of 2.75% over the last month, surpassing the Consumer Staples sector's loss of 3.18% and the S&P 500's gain of 1.67%.

The investment community will be paying close attention to the earnings performance of BRF in its upcoming release. On that day, BRF is projected to report earnings of $0.13 per share, which would represent year-over-year growth of 360%. Alongside, our most recent consensus estimate is anticipating revenue of $2.9 billion, indicating a 2.56% upward movement from the same quarter last year.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.47 per share and a revenue of $11.1 billion, signifying shifts of +256.67% and +14.74%, respectively, from the last year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for BRF. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. BRF is currently sporting a Zacks Rank of #1 (Strong Buy).

Looking at valuation, BRF is presently trading at a Forward P/E ratio of 9.55. This valuation marks a discount compared to its industry's average Forward P/E of 18.05.

It is also worth noting that BRFS currently has a PEG ratio of 0.26. 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 2.84.

The Food - Miscellaneous industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 99, placing it within the top 40% of over 250 industries.