- Brazil
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- Trade Distributors
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- BOVESPA:MILS3
Mills Locação Serviços e Logística Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Mills Locação Serviços e Logística (BVMF:MILS3) Second Quarter 2024 Results
Key Financial Results
- Revenue: R$370.1m (up 9.5% from 2Q 2023).
- Net income: R$71.0m (up 11% from 2Q 2023).
- Profit margin: 19% (in line with 2Q 2023).
- EPS: R$0.29.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Mills Locação Serviços e Logística Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) missed analyst estimates by 5.0%.
Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Global Trade Distributors industry.
Performance of the market in Brazil.
The company's shares are up 2.7% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 2 warning signs for Mills Locação Serviços e Logística (of which 1 is a bit concerning!) you should know about.
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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.
About BOVESPA:MILS3
Mills Locação Serviços e Logística
Operates as a machinery and equipment rental company in Brazil.
Good value with reasonable growth potential.