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WEG S.A. Sponsored ADR (WEGZY)
:WEGZY
Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
0.08Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -6.14%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong revenue growth and improved EBITDA margins, supported by strategic acquisitions and international market performance. However, challenges were noted in the wind and solar energy sectors, along with increased SG&A expenses and issues in the domestic long-cycle equipment market.Company Guidance
During the WEG Q3 2024 earnings call, significant financial metrics and strategic insights were discussed. Net operating revenue showed a robust increase of 22.1% compared to Q3 2023, driven by strong performance in both domestic and international markets, particularly in transmission and distribution, and oil and gas sectors. EBITDA surged to BRL 2.2 billion, marking a 27.9% rise, with an improved EBITDA margin of 22.6%. Return on invested capital reached 37.1%, a 1.7 percentage point increase from the previous year, bolstered by tax incentives. Moreover, WEG announced a strategic acquisition of Volt Electric Motors for $88 million, and highlighted its continued vertical integration efforts and expansion plans, with investments amounting to approximately BRL 670 million over the next five years. Looking ahead, the company expects sustained growth driven by a favorable product mix, operational efficiency, and ongoing integration of recent acquisitions like Marathon, Rotor, and Cemp.Strong Revenue Growth
Net operating revenue grew by 22.1% compared to Q3 '23, driven by both domestic and international markets.
Improved EBITDA and Margins
EBITDA reached BRL 2.2 billion, up 27.9% on Q3 '23, with an EBITDA margin of 22.6%.
Successful Acquisitions
The consolidation of recently acquired businesses such as Marathon, Rotor, and Cemp had a positive impact on the quarter's performance.
International Market Performance
Revenue growth in the international market was supported by good deliveries in North America, especially in the oil and gas and water and sanitation sectors.
Strategic Investments
Announced investments in verticalization processes in Mexico and Brazil, and expansion of transformer production capacity, totaling approximately BRL 670 million over the next 5 years.
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WEGZY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WEGZY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $9.94 | $9.31 | -6.34% |
| Jul 31, 2024 | $8.11 | $8.90 | +9.74% |
| May 02, 2024 | $7.57 | $7.54 | -0.40% |
| Feb 20, 2024 | $6.65 | $6.83 | +2.71% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does WEG S.A. Sponsored ADR (WEGZY) report earnings?
WEG S.A. Sponsored ADR (WEGZY) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is WEG S.A. Sponsored ADR (WEGZY) earnings time?
WEG S.A. Sponsored ADR (WEGZY) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WEGZY EPS forecast?
Currently, no data Available
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