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Why Fast-paced Mover Empresa (EDN) Is a Great Choice for Value Investors
ZACKS· 2024-10-02 13:50
Group 1: Momentum Investing Overview - Momentum investing contrasts with the traditional "buy low and sell high" strategy, focusing instead on "buying high and selling higher" to capitalize on fast-moving stocks [1] - Identifying the right entry point for momentum stocks is challenging, as they may lose momentum if their valuations exceed future growth potential [1] Group 2: Investment Strategy - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [2] - The 'Fast-Paced Momentum at a Bargain' screen helps in spotting fast-moving stocks that remain attractively priced [2] Group 3: Empresa (EDN) Stock Analysis - Empresa (EDN) has shown a price increase of 17.9% over the past four weeks, indicating growing investor interest [3] - Over the past 12 weeks, EDN's stock gained 38%, demonstrating its ability to deliver positive returns over a longer timeframe [4] - EDN has a beta of 1.39, suggesting it moves 39% higher than the market in either direction, indicating fast-paced momentum [4] Group 4: Performance Metrics - EDN has a Momentum Score of A, suggesting it is an opportune time to invest in the stock for maximum success probability [5] - The stock has a Zacks Rank 2 (Buy) due to upward trends in earnings estimate revisions, which attract more investor interest [6] - EDN is trading at a Price-to-Sales ratio of 0.49, indicating it is relatively cheap, as investors pay only 49 cents for each dollar of sales [6] Group 5: Additional Opportunities - Besides EDN, there are several other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [7] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [8]
Despite Fast-paced Momentum, Empresa (EDN) Is Still a Bargain Stock
ZACKS· 2024-09-16 13:50
Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional "buying low and selling high" strategies, aiming for quicker profits [1] Group 1: Momentum Investing Characteristics - Momentum investing can be risky as stocks may lose momentum if their valuations exceed future growth potential, leading to potential losses for investors [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] Group 2: Company Analysis - Empresa (EDN) - Empresa (EDN) has shown significant recent price momentum with a four-week price change of 42.1%, indicating growing investor interest [4] - Over the past 12 weeks, EDN's stock has gained 55.6%, with a beta of 1.39, suggesting it moves 39% more than the market [5] - EDN has a Momentum Score of A, indicating a favorable time to invest based on its strong momentum [6] Group 3: Earnings and Valuation - EDN has received a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which typically attract more investor interest [7] - The stock is currently trading at a Price-to-Sales ratio of 0.54, suggesting it is undervalued as investors pay only 54 cents for each dollar of sales [7] Group 4: Additional Opportunities - Besides EDN, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - The Zacks Premium Screens offer over 45 strategies tailored to help investors find winning stock picks [9]
Has Empresa Distribuidora Y Comercializadora Norte S.A. Edenor (EDN) Outpaced Other Utilities Stocks This Year?
ZACKS· 2024-09-13 14:46
The Utilities group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Empresa (EDN) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-todate performance to find out. Empresa is one of 105 companies in the Utilities group. The Utilities group currently sits at #5 within the Zacks Sector Rank. The Zacks Sector Ra ...
Edenor(EDN) - 2024 Q2 - Earnings Call Transcript
2024-08-07 18:29
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Q2 2024 Earnings Conference Call August 7, 2024 10:00 AM ET Company Participants Solange Barthe - Investor Relations Manager German Ranftl - Chief Financial Officer Conference Call Participants Solange Barthe Good morning. On behalf of Edenor, we would like to thank everybody for participating in this conference call to discuss the Result of Second Quarter ending June 30, 2024. We will also highlight important recent developments and ...
Edenor(EDN) - 2024 Q2 - Earnings Call Presentation
2024-08-07 15:09
EARNING RELEASE Second Quarter 2024 August, 2024 edenor EARNINGS RELEASE SECOND QUARTER 2024 Buenos Aires, Argentina, August 6, 2024 - Empresa Distribuidora y Comercializadora Norte S.A. (NYSE / BYMA: EDN) ("edenor" or "the Company") Argentina's largest electricity distributor both in terms of number of customers and energy sales, announces its results for the second quarter of 2024. All figures are stated in Argentine Pesos on a constant currency basis, and the information has been prepared in accordance w ...
Edenor Informs the Market the appointment of Mr. Daniel Marx as Chairman and CEO
Prnewswire· 2024-08-07 00:27
BUENOS AIRES, Aug. 6, 2024 /PRNewswire/ -- Empresa Distribuidora y Comercializadora Norte S.A. ("edenor" or the "Company"; BYMA/NYSE: EDN), the largest electricity distribution company in Argentina, announces to the investor community that the Board of Directors of the Company at its meeting held today accepted the resignation of Mr. Neil Bleasdale (for personal matters) as Chairman of the Board of Directors and CEO of the Company, keeping his position as regular Director. Therefore, the Board further appro ...
Edenor(EDN) - 2024 Q1 - Earnings Call Transcript
2024-05-13 18:34
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Q1 2024 Earnings Conference Call May 13, 2024 11:00 AM ET Company Participants Solange Barthe - Investor Relations Manager German Ranftl - Chief Financial Officer Conference Call Participants Operator Good morning, on behalf of Edenor, we would like to thank everybody for participating in this Conference Call to discuss the Results of First Quarter ending March 31, 2024. We will also highlight important recent developments and advanc ...
Edenor Informs the Market that on April 24th, 2024, it has Filed its Annual Report on Form 20-F for the Fiscal Year Ended December 31, 2023.
Prnewswire· 2024-04-24 22:41
BUENOS AIRES, Argentina, April 24, 2024 /PRNewswire/ -- Empresa Distribuidora y Comercializadora norte S.A. ("edenor" or the "Company"; BYMA/NYSE: EDN), the largest electricity distribution company in Argentina, announces that on April 24th, 2024, it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 (the '2023 Annual Report') before the U.S. Securities and Exchange Commission (the 'SEC'). The 2023 Annual Report can be accessed by visiting either the SEC's website at www.se ...
Edenor(EDN) - 2023 Q4 - Annual Report
2024-04-24 17:50
As filed with the Securities and Exchange Commission on April 24, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 20-F ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 Commission File Number: 001-33422 Empresa Distribuidora y Comercializadora Norte S.A. (EDENOR S.A.) (Exact name of Registrant as specified in its charter) Distribution and Marketing Company of the North S.A. Argentine Republic (Tr ...
Edenor(EDN) - 2023 Q4 - Earnings Call Presentation
2024-03-11 18:55
In addition, the installation of 7,859 Integrated Energy Meters(MIDE) during 2023 attests to our commitment to modernizing energy monitoring mechanisms. Augmenting these efforts, a novel energy balance system has been meticulously implemented, complemented by the advent of microbalances in private neighborhoods. Despite our tenacious endeavors, there have been cases of repeat fraud in many client groups. EARNINGS RELEASE FOURTH QUARTER 2023 15 SUMMARY OF RESULTS FOURTH QUARTER 2023 04 FINANCIAL DEBT Notes C ...