SID Earnings Prediction
The chart below shows how SID performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SID sees a +2.02% change in stock price 10 days leading up to the earnings, and a -4.31% change 10 days following the report. On the earnings day itself, the stock moves by -0.28%. This data can give you a slight idea of what to expect for the next quarter's release.
SID Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.00B
-12.43%
-4.37%
Gross Margin
24.50%
-2.04%
-10.12%
Operating Margin
5.84%
-56.48%
-36.66%
Net Margin
-6.79%
-928.05%
231.22%
EPS
-0.11
-450.00%
37.50%
No Data Available
SID Earnings Analysis
Companhia Siderurgica Nacional S.A. (CSN) Corporation (SID.N) Earnings Conference Call
Positive
Cash Reserves Increase: 1. Strong Cash Position: CSN increased its cash reserves by R$3.7 billion, enhancing operational comfort and financial stability.
Record Mining Production: 2. Record Mining Production: The mining segment achieved a record production of 11.5 million tons, reinforcing operational efficiency and sales performance.
Cement Sales Performance: 3. Cement Sales Growth: Cement sales volume reached 3,600 tons, with EBITDA increasing by 37% year-over-year, significantly outperforming the sector average.
Steel Segment EBITDA Growth: 4. Improved Steel Segment Performance: The steel segment saw a 20% increase in EBITDA, driven by a 9% growth in commercial activity and a 5% reduction in slab production costs.
Stake Sale Impact: 5. Successful Stake Sale: The sale of a 10.7% stake in CMIN generated over R$4.4 billion, contributing positively to the company's leverage and financial health.
Negative
Net Revenue Decline: 1. Decline in Net Revenue: CSN reported an 11% drop in net revenue in the mining segment due to falling ore prices, which offset the increase in sales volume.
Decline in Adjusted EBITDA: 2. Reduced EBITDA: The company experienced a decrease in adjusted EBITDA, with a reported R$2.3 billion for Q3 2024, reflecting a weaker dynamic in international iron ore prices.
Free Cash Flow Decline: 3. Higher Free Cash Flow Impact: Free cash flow was negatively impacted by a higher level of CapEx and increased financial expenses, resulting in R$986 million of free cash flow, down from previous quarters.
Leverage Concerns Persist: 4. Increased Leverage Concerns: Despite a reduction in net debt from R$37 billion to R$34 billion, leverage remains a concern with expectations of 2.5 times by year-end, influenced by market conditions and operational challenges.
Steel Production Challenges: 5. Operational Challenges in Steel Production: The steel segment faced significant operational issues, with maintenance problems persisting since 2022, leading to delays in equipment delivery and impacting production efficiency.
SID FAQs
How does SID typically perform around its earnings report dates?
Is Companhia Siderúrgica Nacional (SID) Q3 2024 Earnings Call Summary positive or negative?
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SID Earning Call Sentiment
Companhia Siderúrgica Nacional (SID) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
SID.N
-1.92%Positive
Basic Financial Performance: 4 (strong cash position, reduced net debt, but weaker iron ore prices); Product Development and Business Update: 4 (sales volume growth in steel and cement); Market Strategy: 3 (competitive pressures, but positive price outlook); Expenses and Financial Health: 3 (increased CapEx, but lower production costs); Shareholder Return Plan: 5 (new share buyback program). The Q&A revealed positive sales growth and price expectations, supporting the positive sentiment. With a market cap of $3 billion, the stock is likely to react positively, within the 2% to 8% range.
