Ultrapar Participações Third Quarter 2024 Earnings: Beats Expectations

Ultrapar Participações (BVMF:UGPA3) Third Quarter 2024 Results

Key Financial Results

• Revenue: R$35.4b (up 8.8% from 3Q 2023).
• Net income: R$651.6m (down 25% from 3Q 2023).
• Profit margin: 1.8% (down from 2.7% in 3Q 2023).
• EPS: R$0.59 (down from R$0.79 in 3Q 2023).

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

Ultrapar Participações Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 5.6%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 1.4% growth forecast for the Oil and Gas industry in Brazil.

Performance of the Brazilian Oil and Gas industry.

The company's shares are down 6.0% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Ultrapar Participações that we have uncovered.

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