Stock Analysis

Guararapes Confecções First Quarter 2024 Earnings: R$0.23 loss per share (vs R$0.35 loss in 1Q 2023)

BOVESPA:GUAR3

Guararapes Confecções (BVMF:GUAR3) First Quarter 2024 Results

Key Financial Results

  • Revenue: R$1.99b (up 9.1% from 1Q 2023).
  • Net loss: R$117.0m (loss narrowed by 33% from 1Q 2023).
  • R$0.23 loss per share (improved from R$0.35 loss in 1Q 2023).
BOVESPA:GUAR3 Earnings and Revenue Growth May 8th 2024

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

Guararapes Confecções Earnings Insights

Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Luxury industry in Brazil.

Performance of the Brazilian Luxury industry.

The company's shares are up 14% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Guararapes Confecções has 2 warning signs (and 1 which is significant) we think 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.