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Cosan (CSAN)
NYSE:CSAN
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.32Last Year’s EPS
0.45Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: -28.77%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive strategic achievements in liability and portfolio management, but these were offset by decreased net income, increased safety incidents, and operational challenges in Raizen. The sentiment is balanced with both positive and negative aspects.Company Guidance
In the third quarter of 2024, Cosan provided detailed financial guidance and strategic updates during their earnings call. The company reported an EBITDA under management slightly above BRL 8.2 billion, showing a small increase from BRL 8.1 billion in Q3 2023. Net income for the quarter was approximately BRL 300 million, down from over BRL 600 million the previous year, largely due to differences in dividends from Vale and changes in accounting methods. Cosan focused on liability management, including amortizing debentures for 2024-2026 and issuing new debentures to manage 2027 bonds. They maintained a net debt of BRL 21.7 billion, with a debt service coverage ratio of 1.2x over the last 12 months. Strategic portfolio movements included the acquisition of Compagas and the sale of Norgás within Compass, and the acquisition of Pax Group in Moove. Operational highlights included higher transported volumes and tariffs in Rumo, stable EBITDA in Compass, and a 9% EBITDA increase in Moove despite lower volumes. Safety metrics saw a slight increase in incidents, though they remained within acceptable levels. Cosan also highlighted a focus on core business areas and future strategic adjustments in their subsidiaries.Successful Liability Management
Cosan successfully amortized RLOG debentures and issued new debentures in the domestic market to manage the '27 bonds, improving debt maturity profile to 6.4 years and reducing the average cost to CDI plus 1.37%.
Portfolio Management Achievements
Completed acquisition of Compagas, control of a natural gas distribution company, and concluded the sale of Norgás and Vista Alegre Farm, supporting growth and portfolio optimization.
Positive EBITDA Growth
EBITDA under management increased slightly from BRL 8.1 billion in Q3 '23 to BRL 8.2 billion in Q3 '24, supported by strong performance in Rumo and Moove.
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CSAN 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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CSAN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $7.82 | $7.78 | -0.51% |
| Aug 14, 2024 | $9.82 | $10.00 | +1.83% |
| May 28, 2024 | $10.42 | $10.34 | -0.77% |
| Mar 27, 2024 | $12.39 | $12.58 | +1.53% |
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 Cosan (CSAN) report earnings?
Cosan (CSAN) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Cosan (CSAN) earnings time?
Cosan (CSAN) 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 CSAN EPS forecast?
CSAN EPS forecast for the fiscal quarter 2024 (Q4) is 0.32.
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