A Klabin (KLBN11) was the highlight among agribusiness companies this week when releasing the balance sheet for the first quarter of 2024 (1Q24). The company reported a net profit of R$460 million.
The amount represents a drop of 64% compared to the same period in 2023, in which the company had profited R$1.26 billion. Compared to the last quarter, there was an increase of 24%.
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Net revenue was R$4.43 billion, a drop of 8% compared to the first quarter of 2023. Adjusted EBITDA, in turn, was R$1.65 billion, a decrease of 15% in the annual comparison.
In the analysis of the Santanderin general, Klabin presented “solid results, driven mainly by higher pulp prices and greater paper volumes”.
See the recommendations from the experts below and other highlights from the Agro Times in the week:
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5th – Klabin (KLBN11): ‘Constructive outlook, despite the increase in leverage’; see what to do with the action
O BTG Pactual changed its recommendation for Klabin (KLBN11), passing from purchase for neutral at a target price of R$30.
In a report signed by Leonardo Correa, Caio Greiner and Bruno Lima, it was noted that, given the recent performance compared to Suzano and the latest corporate updates, they chose to take a tactical pause and reduce the recommendation.
Check out the full article here.
4th – BRF (BRFS3): 1Q24 promises to be ‘strong’, says Santander; Is it enough to change the action recommendation?
A BRF (BRFS3) may have an Ebtida of up to 8% above consensus, if it follows the estimates of the Santander for the first quarter and 2024 (1Q24). The bank’s analysts point out that the company should report “strong” results.
According to the report released on Monday (22), the bank predicts that earnings before interest, taxes, depreciation and amortization will total R$1.8 billion, driven by the international division.
Check out the full article here.
- The 1Q24 balance sheets are already being published: receive first-hand analysis from Empiricus Research professionals and find out which shares to buy right now. It’s completely free – just click here.
Top 3 in agriculture
3rd – Klabin (KLBN11), São Martinho (SMTO3), Jalles Machado (JALL3) and more: See the results dates of agro companies in 1Q24
The earnings season first quarter of this year (1Q24) of companies in the agriculturelisted on the Stock Exchange, began on April 25th.
Opening the agenda, Klabin released the balance sheet before the market opened, while the others will start next week, on Monday (29).
Check out the full calendar here.
2nd – Raízen (RAIZ4): Negative pressure for action, according to XP
The preview of Raízen (ROOT4) he adds more downside risk than upside to the company’s results, says XP Investimentos. The broker expects negative pressure for the action.
According to analysts Leonardo Alencar and Pedro Fonseca, despite the company’s strategy of carrying larger stocks of ethanol proves assertive, the volumes of the 4Q24 were lower than estimates.
Check out the full article here.
1st – Ethanol: Prices rise for the 5th consecutive week; understand what is happening
The prices of ethanol hydrated traded on the spot São Paulo rose for the fifth week in a row, shows a survey of Center for Advanced Studies in Applied Economics (Cepea) from Esalq/USP released on Tuesday (23).
Between April 15th and 19th, the Cepea/Esalqd Indicator showed that fuel closed at R$ 2.4557/liter (net of ICMS and PIS/Cofins), an increase of 3.61% compared to the previous period. As for anhydrous, the indicator was R$ 2.7548/liter (net of PIS/Cofins), an increase of 4.12% in the same comparison.
Check out the full article here.
Source: Moneytimes