Petróleo Brasileiro SA - Petrobras (NYSE: PBR ) reported earnings on Feb. 4. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Petróleo Brasileiro SA - Petrobras missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share grew significantly.
Gross margins shrank, operating margins shrank, net margins increased.
Petróleo Brasileiro SA - Petrobras reported revenue of $35.83 billion. The nine analysts polled by S&P Capital IQ wanted to see a top line of $36.77 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.61. The eight earnings estimates compiled by S&P Capital IQ anticipated $0.56 per share. GAAP EPS of $0.29 for Q4 were 38% higher than the prior-year quarter's $0.21 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 22.6%, 260 basis points worse than the prior-year quarter. Operating margin was 7.8%, 380 basis points worse than the prior-year quarter. Net margin was 10.6%, 270 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $37.93 billion. On the bottom line, the average EPS estimate is $0.61.
Next year's average estimate for revenue is $145.79 billion. The average EPS estimate is $2.34.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 4,105 members out of 4,201 rating the stock outperform, and 96 members rating it underperform. Among 766 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 741 give Petróleo Brasileiro SA - Petrobras a green thumbs-up, and 25 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 $28.80.
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