Stock Analysis
Três Tentos Agroindustrial S/A Second Quarter 2024 Earnings: Revenues Beat Expectations
Três Tentos Agroindustrial S/A (BVMF:TTEN3) Second Quarter 2024 Results
Key Financial Results
- Revenue: R$2.80b (up 59% from 2Q 2023).
- Net income: R$145.6m (up 86% from 2Q 2023).
- Profit margin: 5.2% (up from 4.5% in 2Q 2023). The increase in margin was driven by higher revenue.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Três Tentos Agroindustrial S/A Revenues Beat Expectations
Revenue exceeded analyst estimates by 10%.
Looking ahead, revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 5.3% 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.
Valuation
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About BOVESPA:TTEN3
Três Tentos Agroindustrial S/A
Operates in the agribusiness sector in Brazil.