Empreendimentos Pague Menos Full Year 2023 Earnings: Beats Expectations

Empreendimentos Pague Menos (BVMF:PGMN3) Full Year 2023 Results

Key Financial Results

• Revenue: R$11.2b (up 22% from FY 2022).
• Net loss: R$13.9m (loss widened by R$13.3m from FY 2022).
• R$0.026 loss per share (further deteriorated from R$0.001 loss in FY 2022).

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

Empreendimentos Pague Menos Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) also surpassed analyst estimates by 108%.

Looking ahead, revenue is forecast to grow 7.0% 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 6.5% from a week ago.

Valuation

It's possible that Empreendimentos Pague Menos could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.

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