Energy of Minas Gerais Co reports results for the quarter ended September 30 - Earnings Summary

Reuters2024-11-15

Energy of Minas Gerais Co reports results for the quarter ended September 30 - Earnings Summary

Energy of Minas Gerais Co CIG.N reported quarterly adjusted earnings of 21 cents per share for the quarter ended September 30. The lone analyst forecast for the quarter was for earnings of 13 cents per share.
Revenue was $1.83 billion; analysts expected $1.86 billion.
Energy of Minas Gerais Co shares had fallen by 4.9% this quarter and gained 9.8% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 78.5% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and 1 "sell" or "strong sell."
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 $2.20

This summary was machine generated from LSEG data November 14 at 08:55 p.m. UTC. All figures in US dollars 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
Sep. 30 2024	0.13	0.21	Beat
Jun. 30 2024	0.07	0.11	Beat

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The lone analyst forecast for the quarter was for earnings of 13 cents per share. Revenue was $1.83 billion; analysts expected $1.86 billion. Energy of Minas Gerais Co shares had fallen by 4.9% this quarter and gained 9.8% so far this year.FORECAST CHANGESThe mean earnings estimate of analysts had risen by about 78.5% in the last three months. In the last 30 days, one analyst negatively revised an earnings estimateRECOMMENDATIONSThe current average analyst rating on the shares is \"hold\" and the breakdown of recommendations is 1 \"strong buy\" or \"buy,\" 1 \"hold\" and 1 \"sell\" or \"strong sell.\" 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 $2.20 This summary was machine generated from LSEG data November 14 at 08:55 p.m. UTC. All figures in US dollars unless otherwise stated. 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