The fourth quarter financial reporting season begins on February 1st, with the release of the results of Cielo and Indústrias Romi. The market is waiting for the numbers to know the real impact of the Ômicron variant and inflation on company operations.
Phil Soares, head of equity analysis at Órama Investimentos, believes that commodity companies such as Petrobras, Vale, Gerdau and CSN will have the best results between October and December. “Product prices were high throughout the fourth quarter, especially oil, steel and iron ore, so profits should be quite satisfactory.”
“At the same time, the civil construction sector has shown strong operational previews, which also points to substantial results”, says Soares. MRV, for example, announced that in the 4th quarter it had launches worth R$ 3.2 billion and sales of R$ 2.4 billion, driven by the projects of AHS (US subsidiary).
João Beck, economist and partner at BRA, also has the same opinion that commodities will be the highlight of the 4th quarter, “very much on account of the pressured dollar”.
But he also states that “energy distributors must disclose positive results, reflecting the reduction of social isolation measures and, consequently, the return of face-to-face activities”.
An analysis by Ativa’s research team at the request of the CNN Brasil Business He also pointed out that meatpackers will have interesting data, “mainly companies that have operations in the United States, such as Marfrig and JBS, largely because of the high price of meat”.
Negative side
Beck believes that “we will see more impacts from the inflation squeeze and, consequently, from the interest rate on companies”. For him, the most credit-sensitive companies will disclose a more deteriorated balance sheet.
Ativa’s specialists point out that the financial sector must face some difficulties in terms of default. “The high indebtedness with the increase in interest rates should impact the market”, comments Leo Monteiro, Research analyst at Ativa.
Soares, on the other hand, says that retail should have a weak performance in the last three months of the year. “Christmas and Black Friday sales came in lower than expected, and that should leave retailers’ revenues to be desired.”
The announcement of financial statements ends on March 31, with operational data from BoaSafra, Enauta, TradersClub, Orizon, Mobly and Petz.
Source: CNN Brasil
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