While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to fi ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potenti ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Is BRF (BRFS) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.BRF is one of 194 companies in the Consumer Staples group. The Consumer Staples group currently sits at #14 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves a ...

Financial Data and Key Metrics Changes - The company reported a net income of BRL823 million in Q4 2023, marking a significant improvement in operational performance and financial discipline throughout the year [2][24] - The EBITDA for Q4 2023 was BRL1.9 billion, resulting in a 13% margin, the best quarterly result in many years [41] - Free cash flow performance reached BRL613 million, the highest cash generation reported in any quarter in the last three years [52] - The company achieved a leverage ratio of 2x EBITDA, the lowest in seven years, indicating improved financial stability [10][51] Business Line Data and Key Metrics Changes - In Brazil, the EBITDA margin improved to 15.6%, supported by successful holiday campaigns and better product availability [11][12] - The international market saw a recovery with double-digit margins, driven by new price levels for poultry and efficiency gains from the BRF Plus program, resulting in a 7 percentage point increase in EBITDA margin compared to the previous year [13][24] - The ingredients and pet business reported an EBITDA margin of 11.7%, with increased sales in the Super Premium Natural category [15][16] Market Data and Key Metrics Changes - The company maintained market share leadership with Sadia and Banvit brands, holding 37% and 21% shares in their respective markets [14] - The average cost of goods sold (COGS) per kilogram in the last quarter was 8% lower than the average for the year, attributed to reduced grain consumption [18][49] - The company secured 66 new plant licenses for markets in Latin America, Asia, Europe, and South Africa, enhancing its export capabilities [25] Company Strategy and Development Direction - The company emphasized operational efficiency and financial discipline as key drivers for profitability and cash generation [22][24] - The BRF Plus program continues to evolve, focusing on improving efficiency across all operations, with Version 2.0 already underway [26][137] - The company aims to capitalize on market opportunities by leveraging its strong brand presence and expanding into new markets [34][110] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2024, citing healthy prices and a competitive cost ratio that should lead to strong results in the first quarter [32][34] - The company noted a balanced supply-demand environment, which is expected to support volume growth without sacrificing profitability [94][128] - Management highlighted the importance of continuous improvement and adaptation to market conditions as part of their strategic focus [121][137] Other Important Information - The company achieved 100% traceability in direct grain suppliers and 77% for indirect suppliers in critical biomes, reflecting its commitment to sustainability [19][50] - The company reported the best occupational safety rates in its history, reinforcing its market benchmark position [26] Q&A Session Summary Question: What are the expectations for cost reductions and inventory management in 2024? - Management indicated that operational leverage and the BRF Plus program contributed to significant cost reductions, with expectations for continued efficiency gains in 2024 [30][62] Question: Can the company maintain low inventory levels while ensuring profitability? - Management confirmed that the company can sustain efficient inventory levels without risking disruptions, thanks to improved information systems and operational execution [73][128] Question: How does the company view its capital allocation and growth strategy moving forward? - The focus remains on organic growth and maintaining a strong financial position, with plans to invest around BRL3 billion in 2024 while managing debt levels [66][100] Question: What is the outlook for the export market, particularly in Japan and China? - Management noted that Japan is returning to normal pricing levels, while opportunities in China are being monitored closely, with expectations for gradual recovery [105][109] Question: How does the company plan to address volume growth in the domestic market? - Management expressed confidence in expanding volumes in key categories, supported by strong market demand and operational capacity [116][128]

BRF S.A. (NYSE:BRFS) Q3 2023 Results Conference Call November 14, 2023 8:30 AM ET Company Participants Miguel Gularte - Chief Executive Officer Fabio Mariano - Chief Financial Officer Conference Call Participants Ricardo Alves - Morgan Stanley Gustavo Troyano - Itau BBA Leonardo Alankar - XP Isabella Simonato - Bank of America Thiago Duarte - BTG Pactual Lucas Ferreira - JP Morgan Operator Good morning, ladies and gentlemen. Welcome to BRF's Q3 2023 Earnings Conference. This conference is being recorded and ...

26. Other Operating Income (Expenses) 86 Parent company Consolidated 2023 2022 2023 2022 Jul - Set Jan - Set Jul - Set Jan - Set Jul - Set Jan - Set Jul - Set Jan - Set Recovery of expenses 3,251 35,048 10,353 111,733 6,163 38,829 10,792 115,775 Provision reversal 132 656 266 1,302 1,715 2,249 278 1,329 Scrap sales 3,374 10,204 2,971 8,948 4,121 12,614 3,913 11,444 Provision for civil and tax risks (4,400) 1,020 (17,351) (92,258) (5,285) (1,551) (17,738) (93,098) Other employees benefits (5,552) (13,428) (5 ...

BRF S.A. (NYSE:BRFS) Q2 2023 Earnings Conference Call August 15, 2023 9:00 AM ET Company Participants Miguel Gularte - Chief Executive Officer Fabio Mariano - Chief Financial Officer Conference Call Participants Gustavo Troyano - Itau BBA Lucas Ferreira - JPMorgan Thiago Duarte - BTG Pactual Isabella Simarato - Bank of America Thiago Bortoluci - Goldman Sachs Pedro Fonseca - XP Inc. Operator Good morning, ladies and gentlemen. Welcome to BRF's Q2 2023 Earnings Conference. This conference is being recorded a ...