Stock Analysis
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.
Valuation is complex, but we're here to simplify it.
Discover if WEG might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About BOVESPA:WEGE3
WEG
Engages in the production and sale of capital goods in Brazil and internationally.