SLC Agrícola Full Year 2024 Earnings: EPS Misses Expectations

SLC Agrícola (BVMF:SLCE3) Full Year 2024 Results

Key Financial Results

• Revenue: R$6.92b (down 4.4% from FY 2023).
• Net income: R$509.4m (down 43% from FY 2023).
• Profit margin: 7.4% (down from 12% in FY 2023). The decrease in margin was primarily driven by lower revenue.
• EPS: R$1.16 (down from R$2.08 in FY 2023).

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

SLC Agrícola EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%.

The primary driver behind last 12 months revenue was the Land and Agricultural Operation segment contributing a total revenue of R$7.13b (103% of total revenue). Notably, cost of sales worth R$4.61b amounted to 67% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling R$1.01b 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 SLCE3's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Food industry in Brazil.

Performance of the Brazilian Food industry.

The company's shares are down 2.9% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for SLC Agrícola (1 is concerning!) that you need to be mindful of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.