Is Petrobras Stock a Safe Bet Before Its Q1 Earnings Release?

Petroleo Brasileiro S.A., or Petrobras (PBR) , is slated to release first-quarter 2025 results on May 12. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings per share (EPS) and revenues is pegged at 92 cents and $21.7 billion, respectively. (See the Zacks Earnings Calendar to stay ahead of market-making news.)The earnings estimates for the to-be-reported quarter have been revised downward by 14% over the past 30 days. The bottom-line projection indicates an improvement of 22.7% from the ...