Report
Charles Fishman
EUR 100.00 For Business Accounts Only

Enel Americas Reports Strong Earnings; Eletropaulo and Currency Weakness to Pressure Full Year

We are reaffirming our fair value estimate of $10 per ADR after Enel Americas reported strong first-half 2018 earnings of $0.35 per ADR versus $0.18 per ADR in the year-ago period. The strong results were especially positive considering currency devaluations versus the U.S. dollar in Argentina and Brazil that negatively impacted EBITDA by $134 million.
We have lowered our 2018 and 2019 EPS estimates to $0.67 and $0.63, respectively, versus our previous estimates of $0.75 and $0.78, to reflect t...
Underlying
Enersis SA (ADR)

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Charles Fishman

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch