A month has gone by since the last earnings report for Cosan . Shares have added about 14% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Cosan due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
Cosan’s Q1 Net Income & Revenues Improve Y/Y
Cosan’s adjusted net income totaled R$195.5 million ($51.9 million) in first-quarter 2019, up 61.3% from the year-ago tally of R$121.2 million ($37.3 million). Net income surged 79% from R$106.3 million ($32.7 million) recorded in first-quarter 2018.
Revenues Increase Y/Y
In the reported quarter, Cosan’s net revenues came in at R$18,621.1 million ($4,943 million), reflecting year-over-year growth of 24.9%.
Rise in Cost of Sales Impacts Gross Margin
Cosan’s cost of sales and services sold in the third quarter marked a 38.1% year-over-year rise to R$3,469.3 million ($921 million). It represents 74% of net revenues versus 71% witnessed in the year-ago quarter. Gross profit increased 21.4% year over year to R$1,250.9 million ($332 million), while gross margin came in at 26.5% compared to 29.0% in the year-ago quarter.
Selling, general and administrative expenses flared up 14% year over year to R$522.5 million ($138.6 million), representing 11% of net revenues.
Balance Sheet
Exiting the March-end quarter, Cosan’s cash and cash equivalents were R$4,662 million ($1,188.3 million), up from R$3,622 million ($1,096 million) reported at the end of 2018. Loans and borrowings increased 7.7% to R$24,316 million ($6,197.7 million) from R$22,574 million ($6,830.4 million) as of December 2018.
How Have Estimates Been Moving Since Then?
Analysts were quiet during the last two month period as none of them issued any earnings estimate revisions.
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A month has gone by since the last earnings report for Cosan . Shares have added about 14% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Cosan due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
Cosan’s Q1 Net Income & Revenues Improve Y/Y
Cosan’s adjusted net income totaled R$195.5 million ($51.9 million) in first-quarter 2019, up 61.3% from the year-ago tally of R$121.2 million ($37.3 million). Net income surged 79% from R$106.3 million ($32.7 million) recorded in first-quarter 2018.
Revenues Increase Y/Y
In the reported quarter, Cosan’s net revenues came in at R$18,621.1 million ($4,943 million), reflecting year-over-year growth of 24.9%.
Rise in Cost of Sales Impacts Gross Margin
Cosan’s cost of sales and services sold in the third quarter marked a 38.1% year-over-year rise to R$3,469.3 million ($921 million). It represents 74% of net revenues versus 71% witnessed in the year-ago quarter. Gross profit increased 21.4% year over year to R$1,250.9 million ($332 million), while gross margin came in at 26.5% compared to 29.0% in the year-ago quarter.
Selling, general and administrative expenses flared up 14% year over year to R$522.5 million ($138.6 million), representing 11% of net revenues.
Balance Sheet
Exiting the March-end quarter, Cosan’s cash and cash equivalents were R$4,662 million ($1,188.3 million), up from R$3,622 million ($1,096 million) reported at the end of 2018. Loans and borrowings increased 7.7% to R$24,316 million ($6,197.7 million) from R$22,574 million ($6,830.4 million) as of December 2018.
How Have Estimates Been Moving Since Then?
Analysts were quiet during the last two month period as none of them issued any earnings estimate revisions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>