CSN Mineração S.A. (BVMF:CMIN3) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year
The quarterly results for CSN Mineração S.A. (BVMF:CMIN3) were released last week, making it a good time to revisit its performance. Overall the results were a little better than the analysts were expecting, with revenues beating forecasts by 7.2%to hit R$3.6b. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
Taking into account the latest results, the current consensus, from the ten analysts covering CSN Mineração, is for revenues of R$14.8b in 2026. This implies a chunky 15% reduction in CSN Mineração's revenue over the past 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of R$15.3b and earnings per share (EPS) of R$0.26 in 2026. So we can see that while the consensus made a minor downgrade to revenue estimates, it no longer provides an earnings per share estimate. This suggests that the market is now more focused on revenue after the latest result.
View our latest analysis for CSN Mineração
We'd also point out that thatthe analysts have made no major changes to their price target of R$5.15. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. Currently, the most bullish analyst values CSN Mineração at R$7.00 per share, while the most bearish prices it at R$3.10. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the CSN Mineração's past performance and to peers in the same industry. Over the past five years, revenues have declined around 0.1% annually. Worse, forecasts are essentially predicting the decline to accelerate, with the estimate for an annualised 28% decline in revenue until the end of 2026. 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 CSN Mineração is expected to see its revenue affected worse than other companies in the industry.
The Bottom Line
The most important thing to take away is that the analysts downgraded their revenue estimates for next year. Unfortunately, they also downgraded their revenue estimates, and our data indicates it is expected to perform worse than the wider industry. The consensus price target held steady at R$5.15, with the latest estimates not enough to have an impact on their price targets.
At least one of CSN Mineração's ten analysts has provided estimates out to 2028, which can be seen for free on our platform here.
Even so, be aware that CSN Mineração is showing 4 warning signs in our investment analysis , and 3 of those can't be ignored...
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