Posted 3/15/2024, 9:50:19 PM
Petrobras Stock Slumps on Expected Earnings Decline, Underperforming Broader Market
- Petrobras (PBR) stock fell 1.22% on the last trading day, lagging behind broader market losses
- PBR stock has lost 15.4% over the past month, underperforming its sector
- PBR is expected to report a 29.73% drop in EPS and a 7.09% revenue decline in its next quarterly earnings
- For the full fiscal year, PBR's EPS is projected to fall 19.14% and revenue to decrease 5.45%
- PBR currently has a Zacks Rank of #3 (Hold) and trades at a lower Forward P/E ratio than its industry average