Brava Energia Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St

November 17, 2024

Brava Energia (BVMF:BRAV3) Third Quarter 2024 Results

Key Financial Results

Revenue: R$2.19b (down 7.1% from 3Q 2023).
Net income: R$718.7m (up from R$83.5m loss in 3Q 2023).
Profit margin: 33% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses.
EPS: R$2.44 (up from R$0.38 loss in 3Q 2023).

earnings-and-revenue-growth — BOVESPA:BRAV3 Earnings and Revenue Growth November 17th 2024

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

Brava Energia EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 15%. Earnings per share (EPS) exceeded analyst estimates significantly.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Brazil are expected to remain flat.

Performance of the Brazilian Oil and Gas industry.

The company's shares are up 2.4% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Brava Energia has 3 warning signs (and 2 which shouldn't be ignored) we think you should know about.

Valuation is complex, but we're here to simplify it.

Discover if Brava Energia 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.