Petróleo Brasileiro SA - Petrobras (NYSE: PBR ) reported earnings on Oct. 30. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Petróleo Brasileiro SA - Petrobras met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share contracted significantly.
Margins dropped across the board.
Petróleo Brasileiro SA - Petrobras tallied revenue of $36.29 billion. The nine analysts polled by S&P Capital IQ wanted to see sales of $35.95 billion on the same basis. GAAP reported sales were 6.0% higher than the prior-year quarter's $34.27 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.42. The five earnings estimates compiled by S&P Capital IQ forecast $0.61 per share. GAAP EPS of $0.21 for Q3 were 19% lower than the prior-year quarter's $0.26 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 24.5%, 710 basis points worse than the prior-year quarter. Operating margin was 11.7%, 740 basis points worse than the prior-year quarter. Net margin was 7.5%, 250 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $36.78 billion. On the bottom line, the average EPS estimate is $0.67.
Next year's average estimate for revenue is $137.47 billion. The average EPS estimate is $1.90.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 4,151 members out of 4,247 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 $30.42.
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