Petróleo Brasileiro SA - Petrobras
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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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends Petroleo Brasileiro S.A. (ADR). Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.