- Cemig reported a net income of R$1.19 billion for the second quarter.
- This represents a 30% decrease compared to the same period last year.
- The net income exceeded analysts’ estimates of R$811 million.
- The company’s revenue for the second quarter was R$10.79 billion.
- Revenue saw a 14% increase compared to the previous year.
- Revenue also surpassed expectations, which were set at R$9.25 billion.
- Current stock recommendations include zero buy ratings, ten hold ratings, and four sell ratings.
A look at Cia Energetica Minas Ger-Prf Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Companhia Energetica de Minas Gerais- CEMIG, a key player in the Brazilian energy sector, has garnered positive ratings in key areas according to Smartkharma Smart Scores. With solid marks for Value, Dividend, Growth, Resilience, and Momentum, CEMIG showcases strengths across the board. This indicates a promising long-term outlook for the company as it demonstrates robust financial performance, stable dividend payouts, sustainable growth potential, operational resilience, and positive market momentum.
Specializing in electricity generation, transmission, and distribution in Minas Gerais, CEMIG caters to a diverse range of customers including industrial, commercial, residential, and rural sectors. Leveraging primarily hydroelectric plants for power generation, the company’s strategic positioning and strong performance across key Smart Scores factors underscore its position as a reliable investment opportunity with a favorable outlook for the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
