Marfrig Global Foods Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Marfrig Global Foods (BVMF:MRFG3) Third Quarter 2024 Results

Key Financial Results

• Revenue: R$39.1b (up 13% from 3Q 2023).
• Net income: R$1.11b (up from R$797.5m loss in 3Q 2023).
• Profit margin: 2.9% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.
• EPS: R$0.02 (up from R$0.14 loss in 3Q 2023).

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

Marfrig Global Foods Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 98%.

Looking ahead, revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 5.2% 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

You should always think about risks. Case in point, we've spotted 4 warning signs for Marfrig Global Foods you should be aware of, and 2 of them don't sit too well with us.

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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.