Earnings Update: B3 S.A. - Brasil, Bolsa, Balcão (BVMF:B3SA3) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts

B3 S.A. - Brasil, Bolsa, Balcão (BVMF:B3SA3) came out with its quarterly results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. It looks like the results were a bit of a negative overall. While revenues of R$2.4b were in line with analyst predictions, statutory earnings were less than expected, missing estimates by 2.4% to hit R$0.21 per share. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

See our latest analysis for B3 - Brasil Bolsa Balcão

After the latest results, the eleven analysts covering B3 - Brasil Bolsa Balcão are now predicting revenues of R$10.3b in 2025. If met, this would reflect a solid 9.8% improvement in revenue compared to the last 12 months. Per-share earnings are expected to step up 15% to R$0.92. Before this earnings report, the analysts had been forecasting revenues of R$10.3b and earnings per share (EPS) of R$0.92 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

The analysts reconfirmed their price target of R$14.27, showing that the business is executing well and in line with expectations. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on B3 - Brasil Bolsa Balcão, with the most bullish analyst valuing it at R$17.00 and the most bearish at R$12.00 per share. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the B3 - Brasil Bolsa Balcão's past performance and to peers in the same industry. The period to the end of 2025 brings more of the same, according to the analysts, with revenue forecast to display 7.8% growth on an annualised basis. That is in line with its 6.6% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 6.4% annually. So although B3 - Brasil Bolsa Balcão is expected to maintain its revenue growth rate, it's only growing at about the rate of the wider industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

With that in mind, we wouldn't be too quick to come to a conclusion on B3 - Brasil Bolsa Balcão. Long-term earnings power is much more important than next year's profits. At Simply Wall St, we have a full range of analyst estimates for B3 - Brasil Bolsa Balcão going out to 2026, and you can see them free on our platform here..

We don't want to rain on the parade too much, but we did also find 1 warning sign for B3 - Brasil Bolsa Balcão that you need to be mindful of.

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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.