Petrobras Stock Outpaces Market with 2.5% Jump, Q1 EPS Seen Rising 16%
Petrobras shares rose 2.48% to $16.54, outperforming the S&P 500’s 0.77% gain and the Oils-Energy sector’s 10.73% rally after a prior 12.55% advance. Analysts forecast Q1 EPS of $0.57 (+16.3% yoy) on $23.06 billion revenue (+10.8%), with a forward P/E of 7.17.
1. Stock Performance
Petrobras shares rose 2.48% to $16.54 in the latest session, surpassing the S&P 500’s 0.77% gain and the Oil-Energy sector’s 0.76% advance. The stock had already climbed 12.55% leading into the session, outpacing the sector’s 10.73% gain beforehand.
2. Earnings Projections
Analysts project Q1 earnings of $0.57 per share, a 16.33% increase year-over-year, on revenue of $23.06 billion, up 10.8% from the same quarter last year. Full-year estimates call for EPS of $3.28 (+10.1%) and revenue of $88.55 billion (-3.1%), with the earnings report scheduled for March 5.
3. Valuation Analysis
Petrobras trades at a forward P/E of 7.17, well below the industry average of 12.69, and has a PEG ratio of 0.32 versus the industry’s 2.14. The company’s consensus EPS estimate rose 4.33% over the past month, reflecting improved analyst outlooks.