GPS Participações e Empreendimentos Third Quarter 2024 Earnings: EPS Misses Expectations

GPS Participações e Empreendimentos (BVMF:GGPS3) Third Quarter 2024 Results

Key Financial Results

• Revenue: R$4.11b (up 56% from 3Q 2023).
• Net income: R$145.8m (up 2.6% from 3Q 2023).
• Profit margin: 3.5% (down from 5.4% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: R$0.22 (up from R$0.21 in 3Q 2023).

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

GPS Participações e Empreendimentos 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 39% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Commercial Services industry in Brazil.

Performance of the Brazilian Commercial Services industry.

The company's shares are up 1.6% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with GPS Participações e Empreendimentos, and understanding this should be part of your investment process.

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