Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, produces basic agricultural commodities in Brazil and other Latin American countries. It operates through Agricultural Business, and Urban Properties and Investment Business segments. The Agricultural Business segment is involved in the planting, harvesting, and sale of crops, such as wheat, corn, soybeans, cotton, and sunflower, as well as sugarcane; sale of grain derivatives, including flour and oil; breeding, purchasing, and fattening of cattle for sale to meat processors and local livestock auction markets; provision of agricultural services; leasing of farms to third parties; disposal and development of farmlands; and feedlot farming, as well as meat slaughtering and processing activities. The Urban Properties and Investment Business segment leases, rents, and services commercial and other spaces in shopping malls; leases offices and other rental spaces; develops, maintains, and sells undeveloped parcels of land and/or trading properties; operates hotels; and provides consumer financing services, as well as engages in entertainment activities. It also operates residential properties and supermarkets; and offers mobile communication, landline telephone, international telephone, Internet connectivity, and television services, as well as engages in technological development, tourism, oil and gas, and electronics businesses. The company was founded in 1936 and is headquartered in Buenos Aires, Argentina.
IPO Year: 1997
Exchange: NASDAQ
Website: cresud.com.ar
BUENOS AIRES, Argentina, Nov. 8, 2024 /PRNewswire/ -- Cresud S.A.C.I.F. y A. (NASDAQ:CRESY, BYMA: CRES)), leading Argentine agricultural company, announces today its results for the first quarter of FY 2025 ended September 30, 2024. HIGHLIGHTS The net result for the first quarter of fiscal year 2025 registered a loss of ARS 72,374 million, 129.7% lower than the one registered in the same period of 2024. This lower result is mainly explained by the loss due to changes in the fair value of IRSA investment properties.The adjusted EBITDA for the period reached ARS 73,977 million, 68.0% higher than the same period in 2024. The agribusiness adjusted EBITDA was ARS 27,919 million and the Urban adj
BUENOS AIRES, Argentina, Sept. 5, 2024 /PRNewswire/ -- CRESUD S.A.C.I.F. y A. (NASDAQ:CRESY, ByMA:CRES))), leading Latin American agricultural company, announces today its results for the Fiscal Year 2024 ended June 30, 2024. HIGHLIGHTS The net result for fiscal year 2024 recorded a gain of ARS 104,129 million compared to a gain of ARS 279,709 million in 2023.The company's adjusted EBITDA reached ARS 256,396 million in fiscal year 2024, ARS 80,066 million from the agricultural business and ARS 176,330 million from the urban properties and investments business, increasing 23.5% compared to fiscal year 2023.We concluded a campaign with productive challenges in the region and lower commodity p
BUENOS AIRES, Argentina, May 10, 2024 /PRNewswire/ -- CRESUD S.A.C.I.F. y A. (NASDAQ:CRESY, BYMA: CRES))), leading Latin American agricultural company, announces today its results for the third quarter of FY 2024 ended March 31, 2024. HIGHLIGHTS The net result for the nine-month period of fiscal year 2024 recorded a loss of ARS 25,646 million compared to a profit of ARS 140,918 million in the same period of 2023 due to the impact of exposure to inflation on the fair value of investment properties of IRSA. The result attributable to the controlling shareholder was a profit of ARS 22,340 million.The adjusted EBITDA for the period reached ARS 164,332 million, 61.4% higher than the same period
BUENOS AIRES, Argentina, Feb. 8, 2024 /PRNewswire/ -- Cresud S.A.C.I.F. y A. (NASDAQ:CRESY, BYMA: CRES))), leading Argentine agricultural company, announces today its results for the second quarter of FY 2024 ended December 31, 2023. HIGHLIGHTS The net result for the first semester of fiscal year 2024 recorded a gain of ARS 122,205 million compared to ARS 59,907 million in the same period of 2023, mainly due to the gain from changes in the fair value of IRSA's investment properties. The gain attributable to the controlling shareholder was ARS 48,800 million, compared to ARS 32,929 million in the same period of 2023.The adjusted EBITDA for the period reached ARS 79,677 million, 45.1% higher
BUENOS AIRES, Argentina, Sept. 7, 2023 /PRNewswire/ -- Cresud S.A.C.I.F. y A. (NASDAQ:CRESY, BYMA: CRES))), leading Argentine agricultural company, announces today its results for the Fiscal Year 2023 ended June 30, 2023. HIGHLIGHTS The net result for the fiscal year 2023 showed a profit of ARS 75,287 million compared to a profit of ARS 135,815 million registered in 2022.The operating result of the agricultural business in 2023 reached ARS 6,454 million, decreasing by 83.2% compared to 2022, mainly explained by lower productive results from the grain and livestock activity in Argentina, sugar cane in Brazil and a loss from changes in the fair value of investment properties.We sowed 283,000 h
BUENOS AIRES, Argentina, May 11, 2023 /PRNewswire/ -- Cresud S.A.C.I.F. y A. (NASDAQ:CRESY, BYMA:CRES))), leading Argentine agricultural company, announces today its results for the third quarter of FY 2023 ended March 31, 2023. HIGHLIGHTS The net result for the nine-month period of fiscal year 2023 showed a profit of ARS 36,331 million compared to a profit of ARS 64,674 million registered in the same period of 2022.Adjusted EBITDA for the nine-month period of 2023 reached ARS 23,696 million, decreasing by 49.2% compared to the same period in 2022. Agribusiness adjusted EBITDA was ARS 3,729 million, 89,3% lower than the same period in 2022, mainly explained by lower productive results from t
BUENOS AIRES, Argentina, Feb. 10, 2023 /PRNewswire/ -- Cresud S.A.C.I.F. y A. (NASDAQ:CRESY, BYMA: CRES))), leading Argentine agricultural company, announces today its results for the second quarter of FY 2023 ended December 31, 2022. HIGHLIGHTS The net result for the first half of fiscal year 2023 showed a gain of ARS 19,237 million compared to a gain of ARS 74,081 million registered in the same period of 2022.Adjusted EBITDA for the first half of 2023 reached ARS 17,579 million, decreasing by 40.3% compared to the same period in 2022. Agribusiness adjusted EBITDA was ARS 4,754 million, 78.5% lower than the same period of 2022, mainly explained by lower productive results from the sugarcane
BUENOS AIRES, Argentina, Nov. 11, 2022 /PRNewswire/ -- Cresud S.A.C.I.F. y A. (NASDAQ:CRESY, BYMA: CRES))), leading Argentine agricultural company, announces today its results for the first quarter of FY 2023 ended September 30, 2022. HIGHLIGHTS The net result for the first quarter of fiscal year 2023 registered a profit of ARS 5,233 million compared to ARS 5,195 million in the same period of 2022.The adjusted EBITDA for the period reached ARS 7,955 million, 14.3% lower than the same period in 2022. The adjusted EBITDA of the agribusiness segments was ARS 2,808 million, 57.3% lower than the first quarter of the previous year, mainly explained by lower production results from the sugarcane ac
BUENOS AIRES, Argentina, Sept. 7, 2022 /PRNewswire/ -- Cresud S.A.C.I.F. y A. (NASDAQ:CRESY, BYMA: CRES))), leading Argentine agricultural company, announces today its results for the Fiscal Year 2022 ended June 30, 2022. HIGHLIGHTS We concluded a regional agricultural campaign with very good results, motivated by an active demand for grains, high commodity prices, mixed weather conditions and a more dynamic real estate market, mainly in Brazil. We planted 254,000 hectares and reached a grain production of 800,000 tons.Adjusted EBITDA reached ARS 47,739 million in fiscal year 2022, ARS 19,054 million from the agricultural business and ARS 28,685 million from the urban property and investment
This is the English translation of the letter filed with the Comision Nacional de Valores and Bolsas y Mercados Argentinos on June 29, 2022, related to an offer in Argentina. BUENOS AIRES, Argentina, June 29, 2022 /PRNewswire/ -- Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria (the "Company") (NASDAQ:CRESY, BYMA:CRES))), releases a supplemental notice to the subscription notice dated June 15, 2022, in order to inform the Eligible Holders that the Company has decided to extend the expiration date of its previously announced offer to exchange all of its USD 113,158,632 aggregate principal amount of outstanding 6.50% Series No. 23 Notes due 2023 for 8.00% Series No. 3
BUENOS AIRES, Argentina, Nov. 8, 2024 /PRNewswire/ -- Cresud S.A.C.I.F. y A. (NASDAQ:CRESY, BYMA: CRES)), leading Argentine agricultural company, announces today its results for the first quarter of FY 2025 ended September 30, 2024. HIGHLIGHTS The net result for the first quarter of fiscal year 2025 registered a loss of ARS 72,374 million, 129.7% lower than the one registered in the same period of 2024. This lower result is mainly explained by the loss due to changes in the fair value of IRSA investment properties.The adjusted EBITDA for the period reached ARS 73,977 million, 68.0% higher than the same period in 2024. The agribusiness adjusted EBITDA was ARS 27,919 million and the Urban adj
BUENOS AIRES, Argentina, Sept. 5, 2024 /PRNewswire/ -- CRESUD S.A.C.I.F. y A. (NASDAQ:CRESY, ByMA:CRES))), leading Latin American agricultural company, announces today its results for the Fiscal Year 2024 ended June 30, 2024. HIGHLIGHTS The net result for fiscal year 2024 recorded a gain of ARS 104,129 million compared to a gain of ARS 279,709 million in 2023.The company's adjusted EBITDA reached ARS 256,396 million in fiscal year 2024, ARS 80,066 million from the agricultural business and ARS 176,330 million from the urban properties and investments business, increasing 23.5% compared to fiscal year 2023.We concluded a campaign with productive challenges in the region and lower commodity p
BUENOS AIRES, Argentina, May 10, 2024 /PRNewswire/ -- CRESUD S.A.C.I.F. y A. (NASDAQ:CRESY, BYMA: CRES))), leading Latin American agricultural company, announces today its results for the third quarter of FY 2024 ended March 31, 2024. HIGHLIGHTS The net result for the nine-month period of fiscal year 2024 recorded a loss of ARS 25,646 million compared to a profit of ARS 140,918 million in the same period of 2023 due to the impact of exposure to inflation on the fair value of investment properties of IRSA. The result attributable to the controlling shareholder was a profit of ARS 22,340 million.The adjusted EBITDA for the period reached ARS 164,332 million, 61.4% higher than the same period
BUENOS AIRES, Argentina, Feb. 8, 2024 /PRNewswire/ -- Cresud S.A.C.I.F. y A. (NASDAQ:CRESY, BYMA: CRES))), leading Argentine agricultural company, announces today its results for the second quarter of FY 2024 ended December 31, 2023. HIGHLIGHTS The net result for the first semester of fiscal year 2024 recorded a gain of ARS 122,205 million compared to ARS 59,907 million in the same period of 2023, mainly due to the gain from changes in the fair value of IRSA's investment properties. The gain attributable to the controlling shareholder was ARS 48,800 million, compared to ARS 32,929 million in the same period of 2023.The adjusted EBITDA for the period reached ARS 79,677 million, 45.1% higher
BUENOS AIRES, Argentina, Sept. 7, 2023 /PRNewswire/ -- Cresud S.A.C.I.F. y A. (NASDAQ:CRESY, BYMA: CRES))), leading Argentine agricultural company, announces today its results for the Fiscal Year 2023 ended June 30, 2023. HIGHLIGHTS The net result for the fiscal year 2023 showed a profit of ARS 75,287 million compared to a profit of ARS 135,815 million registered in 2022.The operating result of the agricultural business in 2023 reached ARS 6,454 million, decreasing by 83.2% compared to 2022, mainly explained by lower productive results from the grain and livestock activity in Argentina, sugar cane in Brazil and a loss from changes in the fair value of investment properties.We sowed 283,000 h
BUENOS AIRES, Argentina, May 11, 2023 /PRNewswire/ -- Cresud S.A.C.I.F. y A. (NASDAQ:CRESY, BYMA:CRES))), leading Argentine agricultural company, announces today its results for the third quarter of FY 2023 ended March 31, 2023. HIGHLIGHTS The net result for the nine-month period of fiscal year 2023 showed a profit of ARS 36,331 million compared to a profit of ARS 64,674 million registered in the same period of 2022.Adjusted EBITDA for the nine-month period of 2023 reached ARS 23,696 million, decreasing by 49.2% compared to the same period in 2022. Agribusiness adjusted EBITDA was ARS 3,729 million, 89,3% lower than the same period in 2022, mainly explained by lower productive results from t
BUENOS AIRES, Argentina, Feb. 10, 2023 /PRNewswire/ -- Cresud S.A.C.I.F. y A. (NASDAQ:CRESY, BYMA: CRES))), leading Argentine agricultural company, announces today its results for the second quarter of FY 2023 ended December 31, 2022. HIGHLIGHTS The net result for the first half of fiscal year 2023 showed a gain of ARS 19,237 million compared to a gain of ARS 74,081 million registered in the same period of 2022.Adjusted EBITDA for the first half of 2023 reached ARS 17,579 million, decreasing by 40.3% compared to the same period in 2022. Agribusiness adjusted EBITDA was ARS 4,754 million, 78.5% lower than the same period of 2022, mainly explained by lower productive results from the sugarcane
BUENOS AIRES, Argentina, Nov. 11, 2022 /PRNewswire/ -- Cresud S.A.C.I.F. y A. (NASDAQ:CRESY, BYMA: CRES))), leading Argentine agricultural company, announces today its results for the first quarter of FY 2023 ended September 30, 2022. HIGHLIGHTS The net result for the first quarter of fiscal year 2023 registered a profit of ARS 5,233 million compared to ARS 5,195 million in the same period of 2022.The adjusted EBITDA for the period reached ARS 7,955 million, 14.3% lower than the same period in 2022. The adjusted EBITDA of the agribusiness segments was ARS 2,808 million, 57.3% lower than the first quarter of the previous year, mainly explained by lower production results from the sugarcane ac
BUENOS AIRES, Argentina, Sept. 7, 2022 /PRNewswire/ -- Cresud S.A.C.I.F. y A. (NASDAQ:CRESY, BYMA: CRES))), leading Argentine agricultural company, announces today its results for the Fiscal Year 2022 ended June 30, 2022. HIGHLIGHTS We concluded a regional agricultural campaign with very good results, motivated by an active demand for grains, high commodity prices, mixed weather conditions and a more dynamic real estate market, mainly in Brazil. We planted 254,000 hectares and reached a grain production of 800,000 tons.Adjusted EBITDA reached ARS 47,739 million in fiscal year 2022, ARS 19,054 million from the agricultural business and ARS 28,685 million from the urban property and investment
BUENOS AIRES, Argentina, May 13, 2022 /PRNewswire/ -- HIGHLIGHTS The net result for the 9-month period of fiscal year 2022 was a gain of ARS 31,657 million compared to a loss of ARS 14,318 million in the same period of 2021.Adjusted EBITDA for the period reached ARS 29,536 million. Agribusiness adjusted EBITDA reached ARS 18,276 million, 35.7% higher than the same period in 2021 due to better results from grains, sugar cane and farm sales.The 2022 campaign continued to develop with La Niña weather conditions, high international commodity prices and higher margins than the previous one, although with rising costs. We planted 255,000 ha in the region and expect a grain production of approximat
SC 13D/A - CRESUD INC (0001034957) (Subject)
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Cresud SACIF (NASDAQ:CRESY) reported quarterly earnings of $0.20 per share. This is a 64.91 percent decrease over earnings of $0.57 per share from the same period last year. The company reported $241.99 million in sales this quarter. This is a 63.51 percent increase over sales of $148.00 million the same period last year.
Understanding Value Stocks A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. The following stocks are considered to be notable value stocks in the industrials sector: AGCO (NYSE:AGCO) - P/E: 7.26 Broadwind (NASDAQ:BWEN) - P/E: 6.44 Greenpro Capital (NASDAQ:GRNQ) - P/E: 4.56 United Airlines Holdings (NASDAQ:UAL) - P/E: 5.29 Cresud SACIF (NASDAQ:CRESY)
The Meaning Behind Value Stocks A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. The following stocks are considered to be notable value stocks in the industrials sector: Mueller Industries (NYSE:MLI) - P/E: 9.07 Capital Product Partners (NASDAQ:CPLP) - P/E: 6.74 Cresud SACIF (NASDAQ:CRESY) - P/E: 6.83 Universal Logistics Hldgs (NASDAQ:ULH) - P/E: 7.47 Atkore (NYSE:ATKR) - P/E: 9.08 This quarter, Mueller Industries experienced a decrease in earnings per share, which was $1.56 in Q
Cresud SACIF (NASDAQ:CRESY) reported $189.76 million in sales this quarter. This is a 13.85 percent increase over sales of $166.68 million the same period last year.
Companies Reporting Before The Bell • Takeda Pharmaceutical (NYSE:TAK) is likely to report earnings for its fourth quarter. • Exela Technologies (NASDAQ:XELA) is expected to report earnings for its first quarter. • Addex Therapeutics (NASDAQ:ADXN) is projected to report earnings for its first quarter. • Fiverr Intl (NYSE:FVRR) is expected to report quarterly earnings at $0.24 per share on revenue of $87.66 million. • Teekay (NYSE:TK) is likely to report earnings for its first quarter. • Teekay Tankers (NYSE:TNK) is likely to report quarterly earnings at $4.38 per share on revenue of $243.55 million. • Pharming (NASDAQ:PHAR) is likely to report earnings for its first quarter. • Algonq
Understanding Value Stocks A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. The following stocks are considered to be notable value stocks in the industrials sector: Textainer Gr Hldgs (NYSE:TGH) - P/E: 4.66 Cresud SACIF (NASDAQ:CRESY) - P/E: 5.03 Acacia Research (NASDAQ:ACTG) - P/E: 2.14 Encore Wire (NASDAQ:WIRE) - P/E: 3.34 Danaos (NYSE:DAC) - P/E
The Meaning Behind Value Stocks A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Below is a list of notable value stocks in the industrials sector: Capital Product Partners (NASDAQ:CPLP) - P/E: 2.35 BlueLinx Hldgs (NYSE:BXC) - P/E: 2.06 Cresud SACIF (NASDAQ:CRESY) - P/E: 3.85 Terex (NYSE:TEX) - P/E: 9.42 Globus Maritime (NASDAQ:GLBS) - P/E: 1.11 Capital Product Partners saw an increase in earnings per share from 0.94 in Q4 to $1.26 now. Its most recent dividend yield is at 4.07%,
On Thursday, 550 companies achieved new lows for the year. Points of Interest From Today's 52-Week Lows: JPMorgan Chase (NYSE:JPM) was the biggest company by market cap to set a new 52-week low. First Wave BioPharma (NASDAQ:FWBI) was the smallest, in terms of market cap, to set a new 52-week low. ContraFect (NASDAQ:CFRX)'s stock dropped the most, trading down 81.55% to reach a new 52-week low. Banco Santander Mexico (NYSE:BSMX)'s shares had the biggest turnaround, impressively rebounding 0.0% after reaching a new 52-week low. The stocks that set new 52-week lows on Thursday: JPMorgan Chase (NYSE:JPM) stock dropped to a yearly low on Thursday of $106.06. Shares traded down 4.28