Petrobras (PBR) Falls Short of Market Gains Despite Positive Day

Petrobras (PBR) ended at $11.86, a 1.02% increase from the previous day, but lagged the S&P 500's 1.23% gain. Analysts expect earnings of $0.61 per share and revenue of $21.73 billion in the forthcoming earnings report, a year-over-year decline of 34.41% and 7.01%, respectively. The full-year Zacks Consensus Estimates call for earnings of $2.89 per share and revenue of $86.03 billion, a -3.02% and -5.9% change from the year-ago period, respectively.