Analyst Estimates: Here's What Brokers Think Of Companhia Siderúrgica Nacional (BVMF:CSNA3) After Its Second-Quarter Report
Companhia Siderúrgica Nacional (BVMF:CSNA3) just released its second-quarter report and things are looking bullish. Revenues and losses per share were both better than expected, with revenues of R$11b leading estimates by 3.1%. Statutory losses were smaller than the analystsexpected, coming in at R$0.60 per share. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
Taking into account the latest results, Companhia Siderúrgica Nacional's twelve analysts currently expect revenues in 2026 to be R$45.1b, approximately in line with the last 12 months. Yet prior to the latest earnings, the analysts had been forecasting revenues of R$44.6b and losses of R$0.22 per share in 2026. Overall, while the analysts have reconfirmed their revenue estimates, the consensus now no longer provides an EPS estimate. This implies that the market believes revenue is more important after these latest results.
View our latest analysis for Companhia Siderúrgica Nacional
There's been no real change to the consensus price target of R$7.53, with Companhia Siderúrgica Nacional seemingly executing in line with expectations. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. There are some variant perceptions on Companhia Siderúrgica Nacional, with the most bullish analyst valuing it at R$11.00 and the most bearish at R$4.30 per share. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.
Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. One thing that stands out from these estimates is that shrinking revenues are expected to moderate over the period ending 2026 compared to the historical decline of 0.7% per annum over the past five years. Compare this against analyst estimates for companies in the broader industry, which suggest that revenues (in aggregate) are expected to grow 2.6% annually. So while a broad number of companies are forecast to grow, unfortunately Companhia Siderúrgica Nacional is expected to see its revenue affected worse than other companies in the industry.
The Bottom Line
The clear take away from these updates is that the analysts made no change to their revenue estimates for next year, with the business apparently performing in line with their models. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.
At least one of Companhia Siderúrgica Nacional's twelve analysts has provided estimates out to 2028, which can be seen for free on our platform here.
We don't want to rain on the parade too much, but we did also find 2 warning signs for Companhia Siderúrgica Nacional that you need to be mindful of.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.