M. Dias Branco Indústria e Comércio de Alimentos Third Quarter 2024 Earnings: Misses Expectations

M. Dias Branco Indústria e Comércio de Alimentos (BVMF:MDIA3) Third Quarter 2024 Results

Key Financial Results

• Revenue: R$2.40b (down 12% from 3Q 2023).
• Net income: R$124.6m (down 52% from 3Q 2023).
• Profit margin: 5.2% (down from 9.5% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: R$0.37 (down from R$0.76 in 3Q 2023).

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

M. Dias Branco Indústria e Comércio de Alimentos Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) also missed analyst estimates by 42%.

Looking ahead, revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Food industry in Brazil.

Performance of the Brazilian Food industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on M. Dias Branco Indústria e Comércio de Alimentos' balance sheet health.

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