CIG Stock - Companhia Energética de Minas Gerais
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $39.82B | $36.85B | $34.46B | $33.65B | $25.23B |
| Gross Profit | $7.83B | $8.38B | $6.81B | $6.72B | $5.38B |
| Gross Margin | 19.7% | 22.8% | 19.8% | 20.0% | 21.3% |
| Operating Income | $7.49B | $6.21B | $5.69B | $6.95B | $4.71B |
| Net Income | $7.12B | $5.76B | $4.09B | $3.75B | $2.86B |
| Net Margin | 17.9% | 15.6% | 11.9% | 11.1% | 11.4% |
| EPS | $2.49 | $2.01 | $1.43 | $1.31 | $1.00 |
Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2021, the company operated 70 hydroelectric, wind, and solar plants with an installed capacity of 5,700 MW; 339,086 miles of distribution lines; and 4,449 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; provision of cloud solution, IT infrastructure, IT management, and cybersecurity services; provision of technology systems and systems for operational management of public service concessions; sale and trading of energy; provision of telecommunications services; and distributed generation, account services, cogeneration, energy efficiency, and supply and storage management activities. The company was incorporated in 1952 and is headquartered in Belo Horizonte, Brazil.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| April 1st 2025 | BofA Securities | Downgrade | Underperform | - |
| January 10th 2025 | HSBC Securities | Downgrade | Hold | - |
| October 31st 2024 | Scotiabank | Initiation | Sector Perform | - |
| November 24th 2023 | BofA Securities | Downgrade | Neutral | - |
| November 1st 2023 | HSBC Securities | Upgrade | Buy | $2.9 |
| September 20th 2023 | BofA Securities | Upgrade | Buy | - |
Earnings History & Surprises
CIGEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 7, 2026 | — | — | — | — |
Q1 2026 | Mar 18, 2026 | — | — | — | — |
Q4 2025 | Nov 14, 2025 | $0.07 | $0.05 | -24.8% | ✗ MISS |
Q3 2025 | Aug 14, 2025 | $0.05 | $0.08 | +54.1% | ✓ BEAT |
Q2 2025 | May 1, 2025 | $0.01 | $0.07 | +561.0% | ✓ BEAT |
Q1 2025 | Mar 19, 2025 | $0.06 | $0.06 | +0.7% | ✓ BEAT |
Q4 2024 | Nov 13, 2024 | $0.13 | $0.13 | -2.4% | ✗ MISS |
Q3 2024 | Aug 13, 2024 | $0.04 | $0.07 | +58.0% | ✓ BEAT |
Q2 2024 | May 14, 2024 | $0.07 | $0.08 | +21.3% | ✓ BEAT |
Q1 2024 | Mar 22, 2024 | $0.07 | $0.08 | +9.7% | ✓ BEAT |
Q4 2023 | Nov 7, 2023 | $0.07 | $0.09 | +25.6% | ✓ BEAT |
Q3 2023 | Aug 3, 2023 | $-0.01 | $0.09 | +1673.6% | ✓ BEAT |
Q2 2023 | May 16, 2023 | $0.08 | $0.09 | +10.3% | ✓ BEAT |
Q1 2023 | Jan 5, 2023 | — | $0.09 | — | — |
Q4 2022 | Nov 16, 2022 | $0.05 | $0.08 | +50.0% | ✓ BEAT |
Q3 2022 | Aug 16, 2022 | $0.06 | $0.00 | -94.7% | ✗ MISS |
Q2 2022 | May 16, 2022 | $0.06 | $0.06 | +0.7% | ✓ BEAT |
Q4 2021 | Dec 31, 2021 | — | $0.06 | — | — |
Q4 2021 | Nov 4, 2021 | — | $0.03 | — | — |
Q3 2021 | Aug 18, 2021 | $0.01 | $0.13 | +1713.1% | ✓ BEAT |
Latest News
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