WEG Third Quarter 2024 Earnings: Misses Expectations

WEG (BVMF:WEGE3) Third Quarter 2024 Results

Key Financial Results

• Revenue: R$9.86b (up 22% from 3Q 2023).
• Net income: R$1.58b (up 20% from 3Q 2023).
• Profit margin: 16% (in line with 3Q 2023).
• EPS: R$0.38 (up from R$0.31 in 3Q 2023).

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

WEG Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 2.6%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Global Electrical industry.

Performance of the market in Brazil.

The company's shares are down 2.5% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of WEG's balance sheet and an in-depth analysis of the company's financial position.

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