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Cresud Sociedad ( (CRESY) ) has issued an announcement.
Cresud Sociedad reported a significant turnaround in its financial performance for the first quarter of fiscal year 2026, with a net income of ARS 110,133 million compared to a loss of ARS 77,887 million in the same period of the previous year. This improvement was largely due to gains from changes in the fair value of IRSA investment properties. Despite a 39.7% decrease in adjusted EBITDA, the agribusiness and urban properties segments contributed positively. The company also noted favorable weather conditions and improved commodity prices for its agricultural operations, alongside benefits from the Argentine government’s temporary elimination of export taxes on main crops and beef, which boosted prices and margins.
The most recent analyst rating on (CRESY) stock is a Hold with a $13.00 price target. To see the full list of analyst forecasts on Cresud Sociedad stock, see the CRESY Stock Forecast page.
Spark’s Take on CRESY Stock
According to Spark, TipRanks’ AI Analyst, CRESY is a Neutral.
Cresud Sociedad’s stock is supported by a strong valuation with a low P/E ratio and high dividend yield, making it attractive for value and income investors. The technical analysis indicates a strong upward trend, although the high RSI suggests caution due to potential overbought conditions. Financial performance is moderate, with stable profitability but concerns over high leverage and weak cash flow.
To see Spark’s full report on CRESY stock, click here.
More about Cresud Sociedad
Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria, known as Cresud Inc., is based in Argentina and operates in the agricultural sector. The company is involved in agribusiness, urban properties, and investments, with a focus on farming and real estate activities in the region. It is a significant player in the market, with its operations extending to the management of investment properties through IRSA.
Average Trading Volume: 312,017
Technical Sentiment Signal: Strong Buy
Current Market Cap: $731.3M
Find detailed analytics on CRESY stock on TipRanks’ Stock Analysis page.