Cosan SA reports results for the quarter ended June 30 - Earnings Summary

• Cosan SA CSAN3 reported a quarterly adjusted loss of 51 centavos​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -12 centavos. The mean expectation of three analysts for the quarter was for earnings of 10 centavos per share. Wall Street expected results to range from -6 centavos to 25 centavos per share.

• Revenue fell 2% to R$10.48 billion from a year ago; analysts expected R$38.34 billion.

• Cosan SA's reported EPS for the quarter was a loss of 51 centavos​.

• The company reported a quarterly loss of R$946.04 million.

• Cosan SA shares had fallen by 21.3% this quarter and lost 33.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 67.5% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the consumer goods conglomerates peer group is also "buy"

• Wall Street's median 12-month price target for Cosan SA is R$11.00, about 50.9% above its last closing price of R$5.40

This summary was machine generated from LSEG data August 15 at 05:03 p.m. UTC. ​All figures in Brazilian reais unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)