BRF (BRFS) closed the most recent trading day at $4.51, moving -0.22% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 1.23%. Elsewhere, the Dow gained 1.02%, while the tech-heavy Nasdaq added 1.43%.

Coming into today, shares of the chicken, beef and pork producer had gained 7.62% in the past month. In that same time, the Consumer Staples sector lost 2.61%, while the S&P 500 lost 0.54%.

The investment community will be paying close attention to the earnings performance of BRF in its upcoming release. The company is forecasted to report an EPS of $0.13, showcasing a 360% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $2.9 billion, indicating a 2.56% growth compared to the corresponding quarter of the prior year.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.47 per share and revenue of $11.1 billion, indicating changes of +256.67% and +14.74%, respectively, compared to the previous year.

Investors should also note any recent changes to analyst estimates for BRF. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. BRF is currently a Zacks Rank #1 (Strong Buy).

With respect to valuation, BRF is currently being traded at a Forward P/E ratio of 9.62. For comparison, its industry has an average Forward P/E of 17.76, which means BRF is trading at a discount to the group.

Also, we should mention that BRFS has a PEG ratio of 0.26. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Food - Miscellaneous stocks are, on average, holding a PEG ratio of 2.76 based on yesterday's closing prices.

The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 141, which puts it in the bottom 45% of all 250+ industries.