Cosan SA reports results for the quarter ended March 31 - Earnings Summary

• Cosan SA CSAN3 reported a quarterly adjusted loss of 96 centavos​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -16 centavos. The mean expectation of two analysts for the quarter was for earnings of 10 centavos per share. Wall Street expected results to range from -12 centavos to 32 centavos per share.

• Revenue fell 1.8% to R$9.66 billion from a year ago; analysts expected R$40.65 billion.

• Cosan SA shares had risen by 5.5% this quarter and lost 4.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 83.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 4 "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$14.50

This summary was machine generated from LSEG data May 16 at 12:57 a.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)