- Brazil
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- Food and Staples Retail
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- BOVESPA:PGMN3
Empreendimentos Pague Menos Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Empreendimentos Pague Menos (BVMF:PGMN3) Second Quarter 2024 Results
Key Financial Results
- Revenue: R$3.14b (up 11% from 2Q 2023).
- Net income: R$32.6m (up from R$37.1m loss in 2Q 2023).
- Profit margin: 1.0% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue.
- EPS: R$0.056 (up from R$0.08 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Empreendimentos Pague Menos EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) exceeded analyst estimates by 61%.
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 1.3% from a week ago.
Risk Analysis
Before you take the next step you should know about the 4 warning signs for Empreendimentos Pague Menos (1 makes us a bit uncomfortable!) that we have uncovered.
Valuation is complex, but we're here to simplify it.
Discover if Empreendimentos Pague Menos might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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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.
About BOVESPA:PGMN3
Undervalued slight.