JBS Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

JBS (BVMF:JBSS3) Third Quarter 2024 Results

Key Financial Results

• Revenue: R$110.5b (up 21% from 3Q 2023).
• Net income: R$3.84b (up by R$3.27b from 3Q 2023).
• Profit margin: 3.5% (up from 0.6% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: R$1.73 (up from R$0.26 in 3Q 2023).

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

JBS Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates by 1.6%.

Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.4% 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.

Risk Analysis

You should learn about the 2 warning signs we've spotted with JBS (including 1 which shouldn't be ignored).

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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.