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Reuters
Energy of Minas Gerais Co reports results for the quarter ended in March – Earnings Summary
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Energy of Minas Gerais Co CMIG4.SA reported quarterly adjusted earnings of 52 centavos per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of 49 cents. The mean expectation of two analysts for the quarter was for earnings of 33 centavos per share. Wall Street expected results to range from 32 cents to 35 centavos per share.
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Revenue rose 4.8% to $9.06 billion from a year ago; analysts expected R$7.45 billion.
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Energy of Minas Gerais Co’s reported EPS for the quarter was 52 cents.
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The company reported quarterly net income of R$1.15 billion.
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Energy of Minas Gerais Co shares had risen by 7.5% this quarter and gained 19.3% so far this year.
FORECAST CHANGES
RECOMMENDATIONS
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The current average analyst rating on the shares is “hold” and the breakdown of recommendations is 4 “strong buy” or “buy,” 5 “hold” and no “sell” or “strong sell.”
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The average consensus recommendation for the electric utilities peer group is also “hold”
Wall Street’s median 12-month price target for Energy of Minas Gerais Co is R$10.58
This summary was machine generated from LSEG data May 11 at 12:12 p.m. UTC. All figures in Brazilian reais unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
|
QUARTER ENDING |
ESTIMATE |
ACTUAL |
BEAT, MET, MISSED |
|
Mar. 31 2024 |
0.37 |
0.52 |
Beat |
|
Dec. 31 2023 |
0.37 |
0.66 |
Beat |
|
Sep. 30 2023 |
0.42 |
0.43 |
Beat |
|
Jun. 30 2023 |
-0.02 |
0.92 |
Beat |
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