What to Expect When Petrobras (PBR.A) Releases First Quarter Earnings

NEW YORK (TheStreet) -- Shares of Petrobras  (PBR.A) are rising by 0.43% to $9.28 in midday trading Friday, before the embattled Brazilian oil company releases its first quarter earnings results after the closing bell today.

The state-controlled company is expected to earn 9 cents per share on revenue of $29.4 billion for the period, according to analysts polled by Thomson Reuters.

In the same quarter of last year, the company reported earnings of 68 cents per share on revenue of $34.51 billion.

Petrobras is at the center of Brazil's biggest corruption and multibillion dollar money laundering scandal.

Over the past year, shares have plunged more than 43%.

Petrobras is a Brazil-based integrated oil and gas company, operating through seven segments.

Separately, TheStreet Ratings team rates PETROLEO BRASILEIRO SA- PETR as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

"We rate PETROLEO BRASILEIRO SA- PETR (PBR.A) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally high debt management risk, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

If you liked this article you might like

Week Ahead: Fireworks in Washington Steal the Show From Fed's Explanation Tour

Trade-Ideas: Petroleo Brasileiro SA Petrobras (PBR.A) Is Today's "Dead Cat Bounce" Stock

3 Stocks Improving Performance Of The Energy Industry

Petroleo Brasileiro SA Petrobras (PBR.A) Showing Signs Of A Dead Cat Bounce Today