Três Tentos Agroindustrial S/A Full Year 2023 Earnings: EPS Misses Expectations

Três Tentos Agroindustrial S/A (BVMF:TTEN3) Full Year 2023 Results

Key Financial Results

• Revenue: R$9.00b (up 31% from FY 2022).
• Net income: R$575.3m (flat on FY 2022).
• Profit margin: 6.4% (down from 8.3% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: R$1.15 (up from R$1.15 in FY 2022).

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

Três Tentos Agroindustrial S/A EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 4.0% 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.

Valuation

Our analysis of these results suggests Três Tentos Agroindustrial S/A may be undervalued based on 6 important criteria we look at. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.

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.