24/7 Wall St. has put together a preview of some of the major companies reporting their quarterly results this coming week. We have included the consensus earnings estimates from Thomson Reuters and the stock price and trading history, as well as added some additional color on each.
Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change reporting dates as well.
Petrobras
Look for Petroleo Brasileiro S.A. (NYSE: PBR) to share its most recent quarterly results on Monday. The consensus estimates call for a net loss of $0.06 per share and $25.47 billion in revenue.
The company showed in an SEC filing in late February that its average oil and natural gas production amounted to 2.47 million barrels of oil equivalent per day in Brazil and 183,000 barrels per day (bpd) abroad, to 2.65 million barrels. Actual oil production averaged 2 million bpd in Brazil and 92,000 bpd abroad. Perhaps the biggest driver is not that Petrobras will be losing less money by having lower production. Recent news showed that Petrobras was getting up to $10 billion in loans from China. That is part of an oil supply pact and it should cover most debt due in 2016.
Shares were at $5.57 at the close on Friday, in a 52-week trading range of $2.71 to $10.55. The stock has a consensus analyst price target of $4.00.
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