- Equatorial reported an Adjusted Ebitda of R$2.93 billion for the third quarter, marking a 16% increase compared to the previous year. This figure surpassed the market estimate of R$2.74 billion.
- The company achieved an adjusted net income of R$790 million, reflecting a 25% year-over-year growth and beating the estimated R$660.6 million.
- The Adjusted Ebitda margin slightly declined to 23.7% from 24.3% last year.
- Net debt rose by 13% year-over-year to R$41.64 billion, higher than the estimated R$38.7 billion.
- Capital expenditure decreased by 20% from the previous year, totaling R$2.42 billion.
- Analyst recommendations include 14 buys, 1 hold, and no sell ratings for Equatorial.
A look at Equatorial Energia SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.0 |
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 Brazil-based holding company with investments in power distribution operations, is currently showcasing a strong performance in terms of momentum, scoring a 5 out of 5 on the Smartkarma Smart Scores. This indicates a robust positive trend in the company’s stock price, implying potential for further growth and investor interest in the future.
Although Equatorial Energia SA scores middling numbers in categories like value, dividend, growth, and resilience, with scores ranging from 2 to 3, the overall outlook remains favorable due to its exceptional momentum score. With a footprint in the power distribution sector in Brazil, Equatorial Energia SA seems well-positioned for long-term growth and stability, making it a company to keep an eye on for potential investment opportunities.
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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