Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

CEMIG Pref ADR Earnings Beat, Revenue Inline In Q1

Published 03/27/2021, 06:10 AM
Updated 03/27/2021, 06:10 AM

Investing.com - CEMIG Pref ADR reported on Friday first quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.

CEMIG Pref ADR announced earnings per share of 0.0796 on revenue of 1.14B. Analysts polled by Investing.com anticipated EPS of 0.0253 on revenue of 1.14B.

CEMIG Pref ADR shares are down 16.05% from the beginning of the year, still down 28.19% from its 52 week high of 2.98 set on January 8. They are under-performing the EUR/USD which is down 0% from the start of the year.

CEMIG Pref ADR follows other major Utilities sector earnings this month

CEMIG Pref ADR's report follows an earnings beat by Public Service Enterprise on February 26, who reported EPS of 0.65 on revenue of 2.4B, compared to forecasts EPS of 0.6489 on revenue of 2.73B.

EON SE had beat expectations on Wednesday with first quarter EPS of 0.2366 on revenue of 20.86B, compared to forecast for EPS of 0.2308 on revenue of 38.14B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.