Petrobras Stock Rises Slightly Despite Gloomy Earnings Outlook

Petrobras (PBR) stock rose 0.41% on a day when the broader market declined.

Petrobras is predicted to post a 29.73% decline in EPS and a 7.09% revenue decline in its next earnings report.

For the full fiscal year, analysts estimate a 19.14% EPS decline and a 5.45% revenue decline for Petrobras.

Recent estimate revisions for Petrobras earnings have trended slightly lower over the past 30 days.

Petrobras currently trades at a Forward P/E of 4.33, representing a discount to its industry peer group.