Is the Stock Worth Buying Now?
Petroleo Brasileiro S.A., or Petrobras PBR, is slated to release fourth-quarter 2024 results on Feb. 26. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings per share (EPS) and revenues is pegged at 53 cents and $21.1 billion, respectively.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
The earnings estimates for the to-be-reported quarter have been revised downward by 35.4% over the past 30 days. The bottom-line projection indicates a decline of 58.3% from the year-ago reported number. The Zacks Consensus Estimate for quarterly revenues, meanwhile, suggests a year-over-year decrease of 22.1%.
For full-year 2024, the Zacks Consensus Estimate for Petrobras’ revenues is pegged at $91.6…
