CIG Earnings Prediction
The chart below shows how CIG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CIG sees a -4.22% change in stock price 10 days leading up to the earnings, and a +3.18% change 10 days following the report. On the earnings day itself, the stock moves by +0.78%. This data can give you a slight idea of what to expect for the next quarter's release.
CIG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.83B
-5.22%
1.13%
Gross Margin
17.04%
-24.43%
-20.49%
Operating Margin
12.94%
-22.70%
-38.90%
Net Margin
32.32%
146.15%
80.56%
EPS
0.21
133.33%
90.91%
No Data Available
CIG Earnings Analysis
Companhia Energetica De Minas Gerais-CEMIG Corporation (CIG.N) Earnings Conference Call
Positive
Record AAA Rating: The company achieved its best rating in history, AAA, reflecting significant growth and financial strength.
Capital Gain Impact: Cemig recorded a capital gain of BRL 1.6 billion this quarter, contributing positively to its financial results.
Record EBITDA Achievement: The company reported a robust cash generation of BRL 5 billion in EBITDA for this third quarter, marking a historical high.
Investment Program Commitment: Cemig's investment program is set to exceed BRL 4 billion this year, demonstrating a strong commitment to future growth.
Low Leverage Stability: The company has successfully maintained a low leverage ratio, ensuring financial stability and capacity for future investments.
Negative
Significant Growth Achievement: We have over six notches of growth in a period that is lower in five years.
Trading Results Impacted: The trading results have been negatively impacted because of the load restrictions between Northeast and Southeast that had effects in the grocery stores.
Challenging October Performance: October was a difficult month.
Price Drop Analysis: We had a drop of 10% but most of that was affected by what Leonardo already told us that has to do with commercialization or trading activity that it had the difference between because of the submarkets price and now with the rain effect, we will no longer have this price difference.
Outsourced Services Expense Impact: We had a drop when compared to '23 and that was because of a higher increase in outsourced services expenses.
CIG FAQs
How does CIG typically perform around its earnings report dates?
Is Companhia Energetica de Minas Gerais - CEMIG (CIG) Q3 2024 Earnings Call Summary positive or negative?
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CIG Earning Call Sentiment
Companhia Energetica de Minas Gerais - CEMIG (CIG) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
CIG.N
-0.52%Positive
The earnings call summary presents strong financial performance with record high EBITDA, successful tariff adjustments, and reduced net debt. The strategic shift towards becoming a corporation and ongoing digital transformation are promising. Despite some risks like regulatory changes and competitive pressures, the company's robust cash generation and dividend payments support a positive outlook. The Q&A section did not reveal significant negative sentiment, and the company's leverage remains manageable. Overall, the combination of strong financial results, strategic initiatives, and shareholder returns suggests a positive stock price movement.
