Atacadão Second Quarter 2024 Earnings: Beats Expectations

Atacadão (BVMF:CRFB3) Second Quarter 2024 Results

Key Financial Results

• Revenue: R$29.6b (up 7.8% from 2Q 2023).
• Net income: R$330.0m (up from R$249.0m loss in 2Q 2023).
• Profit margin: 1.1% (up from net loss in 2Q 2023).
• EPS: R$0.16 (up from R$0.12 loss in 2Q 2023).

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

Atacadão Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) also surpassed analyst estimates by 82%.

Looking ahead, revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Retailing industry in Brazil.

Performance of the Brazilian Consumer Retailing industry.

The company's shares are down 3.7% from a week ago.

Valuation

It's possible that Atacadão could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

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