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.

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