- Equatorial’s adjusted net income for the second quarter was R$614 million, more than double the previous year and above estimates of R$519.5 million.
- The company’s net operating revenue increased by 22% year-over-year to R$12.80 billion, surpassing the estimated R$9.29 billion.
- EBITDA rose by 48% year-over-year, reaching R$3.86 billion.
- Adjusted EBITDA grew by 32% year-over-year to R$3.21 billion, exceeding the estimate of R$2.78 billion.
- The adjusted EBITDA margin improved to 25.1%, compared to 23.1% in the previous year.
- Net debt increased by 26% year-over-year to R$45.25 billion.
- Capital expenditure was up by 32% year-over-year, totaling R$2.72 billion.
- Equatorial currently has 16 buy ratings and no hold or sell ratings from analysts.
A look at Equatorial Energia SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 2 | |
| 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
Equatorial Energia SA, a holding company with investments in power distribution across Brazil, shows a promising long-term outlook based on the Smartkarma Smart Scores. With a strong Momentum score of 4, the company is likely to continue its current positive trend in the market. Additionally, Equatorial Energia SA scores well in terms of Value and Growth, indicating that it is positioned to deliver solid performance and potentially see growth in the future.
Although the company’s scores for Dividend and Resilience are not as high as other factors, the overall outlook for Equatorial Energia SA seems optimistic. Investors may find the company attractive for its potential growth opportunities and positive market momentum. With a diversified portfolio in the power distribution sector in Brazil, Equatorial Energia SA could be a stock worth considering for long-term investment strategies.
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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