- Petrobras reported an adjusted Ebitda of R$49.74 billion for Q2 2024, falling short of the estimated R$66.47 billion.
- Sales for the quarter were R$122.26 billion, below the expected R$131.87 billion.
- The adjusted Ebitda margin stood at 41%.
- Free cash flow was R$31.88 billion.
- Net debt amounted to $46.16 billion, slightly exceeding the estimates of $43.97 billion.
- Recurring net income for the quarter was R$15.73 billion.
- Capital expenditure reached $3.39 billion.
- Analysts provided 7 buy ratings, 5 hold ratings, and 1 sell rating for the company’s stock.
A look at Petroleo Brasileiro Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma Smart Scores, Petroleo Brasileiro has a positive long-term outlook based on its strong overall performance. With high scores in Dividend and Value, the company is perceived as a reliable investment option for those seeking steady returns. Additionally, its robust scores in Growth and Momentum suggest potential for future expansion and capital appreciation. Despite a slightly lower Resilience score, Petroleo Brasileiro’s diversified operations in oil exploration, refining, and distribution across South America and globally position it well for long-term success.
Overall, Petroleo Brasileiro S.A. – Petrobras is a multinational energy company with a focus on oil and natural gas exploration and production. Through its diverse portfolio of assets including oil tankers, pipelines, power plants, and petrochemical units, Petrobras has established itself as a key player in the global energy market. With solid Smartkarma Smart Scores across various factors like Value, Dividend, Growth, and Momentum, the company appears well-positioned to deliver value to investors over the long term despite facing some challenges in resilience.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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