OceanPact Serviços Marítimos Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

OceanPact Serviços Marítimos (BVMF:OPCT3) Third Quarter 2024 Results

Key Financial Results

• Revenue: R$388.3m (down 14% from 3Q 2023).
• Net loss: R$9.90m (loss narrowed by 29% from 3Q 2023).
• R$0.05 loss per share (improved from R$0.07 loss in 3Q 2023).

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

OceanPact Serviços Marítimos Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Commercial Services industry in Brazil.

Performance of the Brazilian Commercial Services industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for OceanPact Serviços Marítimos you should be aware of, and 1 of them doesn't sit too well with us.

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