CRESUD S.A.C.I.F. y A. announces its results for the first quarter of Fiscal Year 2025 ended September 30, 2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 08 2024
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Source: PRnewswire
Financial Performance: Cresud S.A.C.I.F. y A. reported a net loss of ARS 72,374 million for Q1 FY 2025, significantly lower than the previous year, while adjusted EBITDA increased by 68% to ARS 73,977 million due to stable commodity prices and favorable weather conditions.
Dividends and Sales: The company announced a cash dividend of ARS 45,000 million and completed sales of farm properties in Argentina and Brazil, contributing to its financial activities during the quarter.
Analyst Views on CRESY
Wall Street analysts forecast CRESY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CRESY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 12.770
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Current: 12.770
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About CRESY
Cresud SACIF y A is engaged in agricultural business and urban properties and investment business. Under its agricultural business the company produces oilseed grains and cereals, sugar cane and meat. The Agricultural business of the company is further comprised of four reportable segments which are Agricultural production, Land transformation and Sales, Corporate and Other segments. The company participates in the real estate business in Argentina through its subsidiary IRSA. The real estate business is further comprised of five reportable segments, namely Shopping Malls, Offices, Sales and Developments, Hotels and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
