Although Petrobras (PBR) is trading at a steep discount, Brazil’s state-controlled energy major may be cheap for a reason. Valuation alone isn’t enough to offset the multiple challenges facing the company. PBR recently posted Q1 2025 earnings that missed on both the top and bottom lines. Earnings per share were reported at 62 cents, which missed the Zacks Consensus Estimate of 92 cents and declined from 75 cents a year ago. Revenues dropped 11.3% to $21.07 billion. While a new oil discovery in the Santos Ba ...