- Eneva’s net income for the third quarter was R$351.7 million, which was below the expected R$551.4 million but showed a significant increase from R$102.7 million year-over-year.
- The company reported a 72% year-over-year increase in net operating revenue, reaching R$4.43 billion, surpassing the estimate of R$3.29 billion.
- Earnings before interest, taxes, depreciation, and amortization (Ebitda) rose by 61% year-over-year to R$1.82 billion.
- The Ebitda margin dropped to 41.2% from 43.9% year-over-year.
- Net debt increased slightly by 1.3% year-over-year, totaling R$15.5 billion.
- Capital expenditure during the quarter was R$1.57 billion, a 62% increase year-over-year.
- Market sentiment for Eneva included 7 buy ratings and 2 hold ratings, with no sell ratings.
A look at Eneva SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 5 | |
| 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 provided an overall outlook for Eneva SA, a power generation and trading company with operations in natural gas exploration and production. With a strong momentum score of 5, Eneva SA seems to be showing positive growth potential in the long term. This indicates that the company may be experiencing favorable market conditions and increasing investor interest.
While Eneva SA is scoring moderately in the areas of value and growth with scores of 3, it seems to lack in the dividend and resilience factors, scoring 1 and 2 respectively. This suggests that the company may need to focus on improving its dividend payouts and building greater resilience to economic downturns. Overall, the Smartkarma Smart Scores paint a varied picture for Eneva SA, with potential for growth but also areas that require attention for long-term sustainability.
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.
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