Petróleo Brasileiro SA - Petrobras (NYSE: PBR ) is expected to report Q3 earnings on Oct. 26. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Petróleo Brasileiro SA - Petrobras's revenues will grow 3.7% and EPS will increase 8.9%.
The average estimate for revenue is $35.88 billion. On the bottom line, the average EPS estimate is $0.61.
Last quarter, Petróleo Brasileiro SA - Petrobras logged revenue of $33.56 billion. GAAP reported sales were 14% lower than the prior-year quarter's $39.04 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at -$0.11. GAAP EPS were -$0.05 for Q2 against $0.54 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 23.5%, 920 basis points worse than the prior-year quarter. Operating margin was 7.8%, 1,170 basis points worse than the prior-year quarter. Net margin was -2.0%, 1,990 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $136.33 billion. The average EPS estimate is $2.24.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 4,161 members out of 4,257 rating the stock outperform, and 96 members rating it underperform. Among 748 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 726 give Petróleo Brasileiro SA - Petrobras a green thumbs-up, and 22 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Petróleo Brasileiro SA - Petrobras is outperform, with an average price target of $33.03.
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