Core Viewpoint - Petrobras has experienced a decline of -5.9% in stock performance over the past month, contrasting with the S&P 500's increase of +3.6% and the Zacks Oil and Gas - Integrated - International industry's gain of +3.1% [1] Earnings Estimate Revisions - The consensus earnings estimate for Petrobras in the current quarter is $0.79 per share, reflecting a decrease of -15.1% year-over-year, with a recent upward revision of +7.1% over the last 30 days [4] - For the current fiscal year, the consensus earnings estimate is $3.09, indicating a year-over-year increase of +3.7%, with an upward revision of +8% in the last month [4] - The next fiscal year's consensus earnings estimate is $2.36, showing a decline of -23.4% from the previous year, with a downward revision of -9.8% recently [5] Revenue Growth Forecast - The consensus sales estimate for Petrobras in the current quarter is $23.72 billion, representing a year-over-year increase of +1.5% [10] - For the current fiscal year, the revenue estimates are $86.93 billion and $87.36 billion, indicating changes of -4.9% and +0.5%, respectively [10] Last Reported Results and Surprise History - Petrobras reported revenues of $21.04 billion in the last quarter, a year-over-year decrease of -10.4%, with an EPS of $0.64 compared to $0.47 a year ago [11] - The reported revenues were in line with the Zacks Consensus Estimate, resulting in a surprise of -0.01%, while the EPS surprise was -8.57% [11] - Over the last four quarters, Petrobras surpassed consensus EPS estimates twice and revenue estimates once [12] Valuation - Petrobras is graded A on the Zacks Value Style Score, indicating it is trading at a discount compared to its peers [16] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether the stock is fairly valued [14][15] Bottom Line - The current Zacks Rank of 3 suggests that Petrobras may perform in line with the broader market in the near term [17]
Here is What to Know Beyond Why Petroleo Brasileiro S.A.- Petrobras (PBR) is a Trending Stock