Preview: Petrobras Brasileiro's Earnings
Portfolio Pulse from Benzinga Insights
Petrobras Brasileiro (NYSE:PBR) is scheduled to release its quarterly earnings report on March 8, 2024, with analysts expecting an EPS of $1.11. The company's past performance shows a mix of earnings beats and misses, with the stock price reacting accordingly. Shares have increased by 54.23% over the last 52 weeks, indicating a positive outlook among long-term shareholders. Investors will be keenly watching for not only the earnings results but also the company's guidance for future growth.
March 07, 2024 | 2:00 pm
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Petrobras Brasileiro is expected to report an EPS of $1.11 for the upcoming quarter, with past performance indicating potential for stock price movement post-earnings announcement.
Given the historical performance where the stock price reacted to both earnings results and guidance, and considering the positive 54.23% return over the last 52 weeks, there's a high likelihood of a positive short-term impact on PBR's stock price, especially if the company beats the EPS estimate and provides optimistic future guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100