Analysts expect that Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) will announce sales of $25.39 billion for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Petroleo Brasileiro S.A.- Petrobras’ earnings, with estimates ranging from $22.52 billion to $28.27 billion. Petroleo Brasileiro S.A.- Petrobras posted sales of $21.40 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 18.6%. The company is scheduled to issue its next earnings results on Tuesday, March 20th.
On average, analysts expect that Petroleo Brasileiro S.A.- Petrobras will report full-year sales of $25.39 billion for the current fiscal year, with estimates ranging from $87.79 billion to $93.53 billion. For the next financial year, analysts forecast that the company will report sales of $98.22 billion per share, with estimates ranging from $79.80 billion to $123.26 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Petroleo Brasileiro S.A.- Petrobras.
PBR has been the topic of several analyst reports. Zacks Investment Research lowered shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Credit Suisse Group reiterated a “buy” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Friday, September 15th. ValuEngine lowered shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating in a report on Tuesday, November 21st. Barclays set a $10.00 target price on shares of Petroleo Brasileiro S.A.- Petrobras and gave the stock a “sell” rating in a report on Tuesday, October 10th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $11.13.
Petroleo Brasileiro S.A.- Petrobras (PBR) traded up $0.27 on Wednesday, reaching $10.97. 21,500,000 shares of the company’s stock traded hands, compared to its average volume of 13,680,000. The company has a current ratio of 2.02, a quick ratio of 1.66 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $69,750.00, a price-to-earnings ratio of 31.34 and a beta of 2.36. Petroleo Brasileiro S.A.- Petrobras has a 12 month low of $7.61 and a 12 month high of $11.71.
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Petroleo Brasileiro S.A.- Petrobras Company Profile
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