- Eneva’s net income for the second quarter was R$364.5 million, which is 66% lower compared to the previous year. This figure did not meet the market’s estimate of R$447.2 million.
- The company reported a net operating revenue of R$3.51 billion, an increase of 81% compared to the previous year, surpassing the expected R$2.67 billion.
- Eneva’s EBITDA stood at R$1.67 billion, marking a 56% increase year-over-year, with an EBITDA margin of 47.5%.
- The company’s net debt decreased by 14% year-over-year to R$15.32 billion, which was below the market estimate of R$19.05 billion.
- Capital expenditure rose to R$1.60 billion compared to R$793.2 million in the same quarter last year.
- Analyst recommendations for Eneva include 7 buy ratings and 2 hold ratings, with no sell recommendations.
A look at Eneva SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
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
Analysts at Smartkarma have assessed Eneva SA‘s long-term outlook based on their Smart Scores, which provide a comprehensive view of the company’s performance across different factors. Eneva SA received a varied set of scores, with a 3 in Value, 1 in Dividend, 3 in Growth, 3 in Resilience, and an impressive 4 in Momentum. The higher scores in Growth, Resilience, and Momentum suggest potential opportunities for the company to expand and thrive in the future.
Eneva SA, a power generation and trading company with interests in natural gas exploration and production, has received mixed ratings from Smartkarma’s Smart Scores. While facing challenges in the dividend aspect, the company shows promise with strong scores in Growth and Momentum. Investors may find Eneva SA attractive for its growth potential and ability to navigate market uncertainties, as indicated by its Resilience score. Overall, the company’s strategic positioning in the energy sector could drive long-term success, supported by favorable Momentum scores.
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
