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

• Energy of Minas Gerais Co CIG.N reported quarterly adjusted earnings of 7 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 11 cents. The lone analyst forecast for the quarter was for earnings of 5 cents per share.

• Revenue rose 5.2% to $1.90 billion from a year ago; analysts expected $1.94 billion.

• Energy of Minas Gerais Co shares had fallen by 0.5% this quarter and gained 10.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.7% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy," 1 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the electric utilities peer group is "buy."

• Wall Street's median 12-month price target for Energy of Minas Gerais Co is $1.91, about 2.1% below its last closing price of $1.95

This summary was machine generated from LSEG data August 15 at 04:57 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)