Iochpe-Maxion Third Quarter 2024 Earnings: EPS Beats Expectations

Iochpe-Maxion (BVMF:MYPK3) Third Quarter 2024 Results

Key Financial Results

• Revenue: R$3.98b (up 8.4% from 3Q 2023).
• Net income: R$109.2m (up from R$4.78m loss in 3Q 2023).
• Profit margin: 2.7% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.
• EPS: R$0.73 (up from R$0.031 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Iochpe-Maxion EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.6%.

Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in South America.

Performance of the market in Brazil.

The company's shares are up 16% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Iochpe-Maxion (1 is a bit concerning!) that we have uncovered.

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