Centrais Eletricas Brasileiras S.A. (EBR) Performance and Fundamentals Dashboard tells a completely different story

Centrais Eletricas Brasileiras S.A. (NYSE: EBR) stock jumped 3.79% on Friday to $9.30 against a previous-day closing price of $8.96. With 2.21 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.37 million shares. During the session, the Utilities – Regulated Electric company that operates in wider Utilities sector, reached to the highest price of $9.38 whereas the lowest price it dropped to was $9.08. The 52-week range on EBR shows that it touched its highest point at $9.39 and its lowest point at $5.16 during that stretch. It currently has a 1-year price target of $11.70. With its current market cap of 14.59 billion, EBR has annualized dividend of $0.15 while the current yield stands at 1.61%.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EBR was up-trending over the past week, with a rise of 4.73%, but this was up by 13.69% over a month. Three-month performance surged to 15.53% while six-month performance rose 43.96%. The stock gained 18.62% in the past year, while it has gained 52.71% so far this year. A look at the trailing 12-month EPS for EBR yields 0.78 with Next year EPS estimates of 0.46. For the next quarter, that number is 0.15. This implies an EPS growth rate of 2.60% for this year and -42.50% for next year.

Float and Shares Shorts:

At present, 1.57 billion EBR shares are outstanding with a float of 535.15 million shares on hand for trading. On Jul 14, 2022, short shares totaled 12.41 million, which was 0.54% higher than short shares on Jun 14, 2022. In addition to Mr. Rodrigo Limp Nascimento as the firm’s CEO, Interim Chief of Reg. and Inst. Relations Officer, Member of Board of Exec. Officer & Director, Ms. Elvira Baracuhy Cavalcanti Presta serves as its CFO, Chief Investor Relations Officer & Member of Board of Exec. Officers.

Institutional Ownership:

Through their ownership of 1.76% of EBR’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 1.12% of EBR, in contrast to 0.19% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in EBR with 0.30% of the stake, BlackRock Advisors holds 5,825,484 shares worth 5,825,484. A second-largest stockholder of EBR, BlackRock Fund Advisors, holds 5,260,650 shares, controlling over 0.27% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in EBR, holding 2,636,926 shares or 0.14% stake. With a 0.41% stake in EBR, the iShares II Plc – Global Clean Ene is the largest stakeholder. A total of 7,927,503 shares are owned by the mutual fund manager. The iShares Global Clean Energy ETF, which owns about 0.35% of EBR stock, is the second-largest Mutual Fund holder. It holds 6,758,815 shares valued at 59.95 million. SPDR S&P Kensho New Economies Com holds 0.06% of the stake in EBR, owning 1,087,172 shares worth 9.64 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EBR since 8 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With EBR analysts setting a high price target of $13.96 and a low target of $11.50, the average target price over the next 12 months is $12.61. Based on these targets, EBR could surge 50.11% to reach the target high and rise by 23.66% to reach the target low. Reaching the average price target will result in a growth of 35.59% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. EBR will report FY 2022 earnings on 03/27/2023. Analysts have provided yearly estimates in a range of $0.81 being high and $0.25 being low. For EBR, this leads to a yearly average estimate of $0.44. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Centrais Eletricas Brasileiras S.A. surprised analysts by $0.09 when it reported $0.28 EPS against a consensus estimate of $0.18. The surprise factor in the prior quarter was -$0.18. Based on analyst estimates, the high estimate for the next quarter is $0.14 and the low estimate is $0.07. The average estimate for the next quarter is thus $0.09.

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