Stock Analysis
AgroGalaxy Participações Full Year 2023 Earnings: Misses Expectations
AgroGalaxy Participações (BVMF:AGXY3) Full Year 2023 Results
Key Financial Results
- Revenue: R$9.40b (down 19% from FY 2022).
- Net loss: R$374.1m (down from R$28.0m profit in FY 2022).
- R$2.24 loss per share (down from R$0.17 profit in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
AgroGalaxy Participações Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates significantly.
The primary driver behind last 12 months revenue was the Supplies segment contributing a total revenue of R$5.33b (57% of total revenue). Notably, cost of sales worth R$8.43b amounted to 90% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling R$579.5m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how AGXY3's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Food industry in Brazil.
Performance of the Brazilian Food industry.
The company's shares are up 12% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for AgroGalaxy Participações (1 is a bit unpleasant!) that you should be aware 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.
About BOVESPA:AGXY3
Reasonable growth potential and fair value.
