B3 - Brasil Bolsa Balcão Third Quarter 2024 Earnings: EPS Misses Expectations

B3 - Brasil Bolsa Balcão (BVMF:B3SA3) Third Quarter 2024 Results

Key Financial Results

• Revenue: R$2.44b (up 8.3% from 3Q 2023).
• Net income: R$1.20b (up 12% from 3Q 2023).
• Profit margin: 49% (up from 48% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: R$0.22 (up from R$0.19 in 3Q 2023).

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

B3 - Brasil Bolsa Balcão EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.4%.

Looking ahead, revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Global Capital Markets industry.

Performance of the market in Brazil.

The company's shares are down 4.1% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for B3 - Brasil Bolsa Balcão that you need to take into consideration.

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