We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Will Petrobras Pull Off Q4 Earnings Beat on Strong Production?
Read MoreHide Full Article
Key Takeaways
Petrobras reports Q4 results March 5, with estimates at 57 cents per share on $23.1B revenue.
PBR's Q4 production rose to 3,109 MBOE/d, with pre-salt output making up 82% of total volumes.
Refining utilization fell to 89%, cutting diesel, gasoline and jet fuel output in the quarter.
Petroleo Brasileiro S.A., or Petrobras (PBR - Free Report) , is set to release fourth-quarter 2025 results on March 5. The Zacks Consensus Estimate for the to-be-reported quarter is a profit of 57 cents per share on revenues of $23.1 billion.
Let’s delve into the factors that might have influenced Brazil's state-run energy giant’s earnings in the December quarter. But it’s worth taking a look at PBR’s previous-quarter performance first.
Highlights of Q3 Earnings & Surprise History
In the last reported quarter, the Rio de Janeiro-headquartered oil company beat the consensus mark on the back of strong production growth. Petrobras had reported earnings per ADS of 82 cents, topping the Zacks Consensus Estimate of 79 cents. Revenues of $$23.5 billion, however, missed the Zacks Consensus Estimate by 1% due to a decline in realized oil prices.
Petrobras beat the Zacks Consensus Estimate for earnings in two of the last four quarters and missed in the other two, resulting in an earnings surprise of a negative 1.2%, on average. This is depicted in the graph below:
Petroleo Brasileiro S.A.- Petrobras Price and EPS Surprise
The Zacks Consensus Estimate for the fourth-quarter bottom line has remained unchanged in the past seven days. The estimated figure indicates a 16.3% increase year over year. The Zacks Consensus Estimate for revenues suggests a 10.8% improvement from the year-ago period.
Factors to Consider
A key driver of Petrobras’ fourth-quarter performance is likely to have been the continued ramp-up of high-productivity offshore assets, particularly in the pre-salt region. Average production reached 3,109 thousand barrels of oil equivalent per day (MBOE/d) in the fourth quarter, supported by increased capacity from FPSOs such as Almirante Tamandaré and Marechal Duque de Caxias, along with the ramp-up of Alexandre de Gusmão and new offshore wells in the Santos Basin. These projects enhanced operational efficiency and helped offset production declines in mature fields. Pre-salt output alone accounted for about 82% of total production, underscoring the strategic importance of these assets in sustaining volume growth and revenue generation during the quarter.
Despite strong upstream performance, Petrobras faced operational headwinds in refining during the fourth quarter. The refining system utilization factor fell to 89% in the quarter from 94% in the previous quarter, primarily due to scheduled maintenance shutdowns and expansion work at the REVAP refinery. As a result, the production of key refined products declined quarter over quarter, including diesel (-7.6%), gasoline (-1.0%), and jet fuel (-12.4%). Lower throughput reduced total oil product output to 1.702 million barrels per day, which is likely to have constrained downstream revenue and margins during the quarter despite steady demand in certain fuel segments.
What Does Our Model Say?
The proven Zacks model does not conclusively predict an earnings beat for Petrobras this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of beating estimates. That’s not the case here.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: PBR has an Earnings ESP of 0.00%. This is because both the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at 57 cents per share.
Zacks Rank: Petrobras currently carries a Zacks Rank #3.
Stocks to Consider
While an earnings beat looks uncertain for Petrobras, here are some firms that you may want to consider on the basis of our model:
Molecular Partners AG (MOLN - Free Report) has an Earnings ESP of +5.26% and a Zacks Rank #2. The firm is scheduled to release earnings on March 12.
The Zacks Consensus Estimate for 2026 earnings of Molecular Partners indicates 18.9% growth. Valued at some $207 million, MOLN is down 2% in a year.
Dollar General (DG - Free Report) has an Earnings ESP of +5.37% and a Zacks Rank #3. The firm is scheduled to release earnings on March 12.
Dollar General beat the Zacks Consensus Estimate for earnings in each of the last four quarters, with the average being 22.9%. Valued at around $34 billion, DG has gained 112.9% in a year.
Dollar Tree (DLTR - Free Report) has an Earnings ESP of +2.50% and a Zacks Rank #3. The firm is scheduled to release earnings on March 16.
The Zacks Consensus Estimate for Dollar Tree's fiscal 2026 earnings indicates 12.2% growth. Valued at nearly $24 billion, DLTR is up 72.2% in a year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
View the Zacks #1 Rank List
Image: Bigstock
Will Petrobras Pull Off Q4 Earnings Beat on Strong Production?
Key Takeaways
Petroleo Brasileiro S.A., or Petrobras (PBR - Free Report) , is set to release fourth-quarter 2025 results on March 5. The Zacks Consensus Estimate for the to-be-reported quarter is a profit of 57 cents per share on revenues of $23.1 billion.
Let’s delve into the factors that might have influenced Brazil's state-run energy giant’s earnings in the December quarter. But it’s worth taking a look at PBR’s previous-quarter performance first.
Highlights of Q3 Earnings & Surprise History
In the last reported quarter, the Rio de Janeiro-headquartered oil company beat the consensus mark on the back of strong production growth. Petrobras had reported earnings per ADS of 82 cents, topping the Zacks Consensus Estimate of 79 cents. Revenues of $$23.5 billion, however, missed the Zacks Consensus Estimate by 1% due to a decline in realized oil prices.
Petrobras beat the Zacks Consensus Estimate for earnings in two of the last four quarters and missed in the other two, resulting in an earnings surprise of a negative 1.2%, on average. This is depicted in the graph below:
Petroleo Brasileiro S.A.- Petrobras Price and EPS Surprise
Petroleo Brasileiro S.A.- Petrobras price-eps-surprise | Petroleo Brasileiro S.A.- Petrobras Quote
Trend in Estimate Revision
The Zacks Consensus Estimate for the fourth-quarter bottom line has remained unchanged in the past seven days. The estimated figure indicates a 16.3% increase year over year. The Zacks Consensus Estimate for revenues suggests a 10.8% improvement from the year-ago period.
Factors to Consider
A key driver of Petrobras’ fourth-quarter performance is likely to have been the continued ramp-up of high-productivity offshore assets, particularly in the pre-salt region. Average production reached 3,109 thousand barrels of oil equivalent per day (MBOE/d) in the fourth quarter, supported by increased capacity from FPSOs such as Almirante Tamandaré and Marechal Duque de Caxias, along with the ramp-up of Alexandre de Gusmão and new offshore wells in the Santos Basin. These projects enhanced operational efficiency and helped offset production declines in mature fields. Pre-salt output alone accounted for about 82% of total production, underscoring the strategic importance of these assets in sustaining volume growth and revenue generation during the quarter.
Despite strong upstream performance, Petrobras faced operational headwinds in refining during the fourth quarter. The refining system utilization factor fell to 89% in the quarter from 94% in the previous quarter, primarily due to scheduled maintenance shutdowns and expansion work at the REVAP refinery. As a result, the production of key refined products declined quarter over quarter, including diesel (-7.6%), gasoline (-1.0%), and jet fuel (-12.4%). Lower throughput reduced total oil product output to 1.702 million barrels per day, which is likely to have constrained downstream revenue and margins during the quarter despite steady demand in certain fuel segments.
What Does Our Model Say?
The proven Zacks model does not conclusively predict an earnings beat for Petrobras this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of beating estimates. That’s not the case here.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: PBR has an Earnings ESP of 0.00%. This is because both the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at 57 cents per share.
Zacks Rank: Petrobras currently carries a Zacks Rank #3.
Stocks to Consider
While an earnings beat looks uncertain for Petrobras, here are some firms that you may want to consider on the basis of our model:
Molecular Partners AG (MOLN - Free Report) has an Earnings ESP of +5.26% and a Zacks Rank #2. The firm is scheduled to release earnings on March 12.
You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for 2026 earnings of Molecular Partners indicates 18.9% growth. Valued at some $207 million, MOLN is down 2% in a year.
Dollar General (DG - Free Report) has an Earnings ESP of +5.37% and a Zacks Rank #3. The firm is scheduled to release earnings on March 12.
Dollar General beat the Zacks Consensus Estimate for earnings in each of the last four quarters, with the average being 22.9%. Valued at around $34 billion, DG has gained 112.9% in a year.
Dollar Tree (DLTR - Free Report) has an Earnings ESP of +2.50% and a Zacks Rank #3. The firm is scheduled to release earnings on March 16.
The Zacks Consensus Estimate for Dollar Tree's fiscal 2026 earnings indicates 12.2% growth. Valued at nearly $24 billion, DLTR is up 72.2% in a year.