Brazil
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Food
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BOVESPA:TTEN3

Três Tentos Agroindustrial S/A Third Quarter 2023 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St

November 30, 2023

Três Tentos Agroindustrial S/A (BVMF:TTEN3) Third Quarter 2023 Results

Key Financial Results

Revenue: R$2.40b (up 23% from 3Q 2022).
Net income: R$219.1m (up 30% from 3Q 2022).
Profit margin: 9.1% (up from 8.6% in 3Q 2022). The increase in margin was driven by higher revenue.
EPS: R$0.44 (up from R$0.34 in 3Q 2022).

earnings-and-revenue-growth — BOVESPA:TTEN3 Earnings and Revenue Growth November 30th 2023

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

Três Tentos Agroindustrial S/A EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) exceeded analyst estimates by 56%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.9% 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

Following the latest earnings results, Três Tentos Agroindustrial S/A may be undervalued based on 6 different valuation benchmarks we assess. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.

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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.