Petrobras Brasileiro (NYSE:PBR) is gearing up to announce its quarterly earnings on Thursday, 2024-11-07. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Petrobras Brasileiro will report an earnings per share (EPS) of $0.82.
The announcement from Petrobras Brasileiro is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
Earnings Track Record
The company's EPS missed by $0.52 in the last quarter, leading to a 0.21% increase in the share price on the following day.
Here's a look at Petrobras Brasileiro's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.46 | 0.80 | 1.11 | 0.83 |
| EPS Actual | -0.06 | 0.74 | 0.96 | 0.84 |
| Price Change % | 0.0% | -7.000000000000001% | -11.0% | 0.0% |
Market Performance of Petrobras Brasileiro's Stock
Shares of Petrobras Brasileiro were trading at $13.25 as of November 05. Over the last 52-week period, shares are down 12.83%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.
To track all earnings releases for Petrobras Brasileiro visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
