Armac Locação Logística e Serviços Second Quarter 2024 Earnings: EPS Misses Expectations

Armac Locação Logística e Serviços (BVMF:ARML3) Second Quarter 2024 Results

Key Financial Results

• Revenue: R$407.7m (up 31% from 2Q 2023).
• Net income: R$50.4m (up 16% from 2Q 2023).
• Profit margin: 12% (down from 14% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: R$0.15 (up from R$0.13 in 2Q 2023).

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

Armac Locação Logística e Serviços EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Global Trade Distributors industry.

Performance of the market in Brazil.

The company's shares are up 1.1% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Armac Locação Logística e Serviços (at least 1 which is potentially serious), and understanding them should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.