BRF Full Year 2024 Earnings: Revenues Beat Expectations

BRF (BVMF:BRFS3) Full Year 2024 Results

Key Financial Results

• Revenue: R$61.4b (up 14% from FY 2023).
• Net income: R$3.21b (up from R$2.03b loss in FY 2023).
• Profit margin: 5.2% (up from net loss in FY 2023). The move to profitability was driven by higher revenue.

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

BRF Revenues Beat Expectations

Revenue exceeded analyst estimates by 1.5%.

Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Food industry in Brazil.

Performance of the Brazilian Food industry.

The company's shares are down 1.8% from a week ago.

Valuation

Our analysis of BRF based on 6 different valuation metrics shows it might be undervalued. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.

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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.