Next quarter’s earnings estimate for CIG is $0.08 with a range of $0.06 to $0.09. The previous quarter’s EPS was $0.19. CIG beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 57.39% of the time in the same period. In the last calendar year CIG has Outperformed its overall industry.

CIG Sales Forecast

Next quarter’s sales forecast for CIG is $1.60B with a range of $1.48B to $1.76B. The previous quarter’s sales results were $1.83B. CIG beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 42.16% of the time in the same period. In the last calendar year CIG has Outperformed its overall industry.

Detailed List of Analyst Forecasts

Ranks

Any

Analyst Rating

Any

Upside/ Downside

Any

Action

Any

Bruno Amorim

Goldman Sachs

$2.1

Sell

11.11%

Upside

Initiated

07/17/24

Cemig initiated with a Sell at Goldman SachsCemig initiated with a Sell at Goldman Sachs

Arthur Pereira

Bank of America Securities

$2.6

Hold

37.57%

Upside

Reiterated

05/13/24

Best Analysts Covering Companhia Energetica Minas Gerais

Which Analyst Should I Follow If I Want to Buy CIG and Sell After:

1 Month

xxx

Success Rate

0/1 ratings generated profit

Average Return

-4.00%

initiated a xxx

rating 5 months ago

Copying xxxxxxxxxxxxxxxxxx

trades and holding each position for 1 Month would result in 0.00% of your transactions generating a profit, with an average return of -4.00% per trade.

3 Months

xxx

Success Rate

0/1 ratings generated profit

Average Return

-3.30%

initiated a xxx

rating 5 months ago

Copying xxxxxxxxxxxxxxxxxx

trades and holding each position for 3 Months would result in 0.00% of your transactions generating a profit, with an average return of -3.30% per trade.

1 Year

Bruno AmorimGoldman Sachs

Success Rate

1/1 ratings generated profit

Average Return

+2.90%

initiated a sell rating 5 months ago

Copying Bruno Amorim's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +2.90% per trade.

2 Years

xxx

Success Rate

1/1 ratings generated profit

Average Return

+2.90%

initiated a xxx

rating 5 months ago

Copying xxxxxxxxxxxxxxxxxx

trades and holding each position for 2 Years would result in 100.00% of your transactions generating a profit, with an average return of +2.90% per trade.

The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.

CIG Analyst Recommendation Trends

Rating

Aug 20

Mar 23

Nov 23

May 24

Jul 24

Strong Buy

Buy

Hold

Sell

Strong Sell

total

In the current month, CIG has received 1 Buy Ratings, 2 Hold Ratings, and 1 Sell Ratings. CIG average Analyst price target in the past 3 months is ―.

Each month's total comprises the sum of three months' worth of ratings.

Stocks with the Highest Top Analyst Consensus in the Utilities Sector

xxx

Find stocks in the Utilities sector that are highly recommended by Top Performing Analysts.

CIG Stock Forecast FAQ

What is CIG’s average 12-month price target, according to analysts?

Currently, no data Available

What is CIG’s upside potential, based on the analysts’ average price target?

Currently there's no upside potential for CIG, based on the analysts’ average price target.

Can I see which stocks the top-ranking analysts are rating?

Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.

How can I follow the stock ratings of top Wall Street analysts?

Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.

Is CIG a Buy, Sell or Hold?

Currently, no data Available

What is Companhia Energetica Minas Gerais’s price target?

Currently, no data Available

What do analysts say about Companhia Energetica Minas Gerais?

Not enough analysts have published a price target to provide an average price target.

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Companhia Energetica Minas Gerais (CIG) Stock Forecast & Price Target

CIG Analyst Ratings

CIG Stock 12 Month Forecast

CIG Financial Forecast

CIG Earnings Forecast

CIG Sales Forecast

Detailed List of Analyst Forecasts​

Best Analysts Covering Companhia Energetica Minas Gerais

CIG Analyst Recommendation Trends

CIG Stock Forecast FAQ

Become an Expert with TipRanks Premium

Detailed List of Analyst Forecasts