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Actionable news in PBR: PETROLEO BRASILEIRO S.A.-PETROBRAS ADS (REP 1 COMMON SHARE),

Two Option Strategies For Petroleo Brasileiro's Earnings Event Tomorrow

Petroleo Brasileiro SA Petrobras (PBR) is a Brazil-based integrated energy company. The company operates in the Exploration and Production (E&P); Refining, Transportation and Marketing (RTM); Gas and Power; Biofuels; Distribution, and International segments. E&P includes exploration, development and production of crude oil, natural gas liquid and natural gas in Brazil. It is reporting earnings on Thursday, August 11, after market close:

(Source: TD Waterhouse)

As evident from the above, the company beat earnings estimates in 50% of time in the last eight quarters, underperforming in the rest of time, and has seen modest volatility in the market price of its stock over the last three months:

The market participants expect the...

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