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The actions of BRF (BRFS3) should have a positive reaction to the result of the first quarter of 2020 considered “very strong” by analysts from the BTG Pactual.
The company recorded a net loss of R $ 38 million in the first quarter of 2020, revealed a statement sent to the market on Sunday (10). The figure represents 66.2% less loss than that obtained a year earlier.
According to Thiago Duarte and Henrique Brustolin, the combination of a better balance sheet and the depreciation of the real should support a round of upward revisions to the numbers projected by the market for 2020.
That in itself should mean a positive reaction to the stock price. That said, we expect to hear more from management about the sustainability of long-term margins in Asia, as well as improvements in Brazil amid what we still see as risks of a change in the chicken cycle, “they assess.
The bank’s estimates for BRF were revised after the result.
