BB Seguridade Participações Third Quarter 2022 Earnings: Beats Expectations

Simply Wall St

November 09, 2022

BB Seguridade Participações (BVMF:BBSE3) Third Quarter 2022 Results

Key Financial Results

Revenue: R$2.00b (up 52% from 3Q 2021).
Net income: R$1.65b (up 69% from 3Q 2021).
Profit margin: 83% (up from 75% in 3Q 2021). The increase in margin was driven by higher revenue.
EPS: R$0.83 (up from R$0.49 in 3Q 2021).

earnings-and-revenue-growth — BOVESPA:BBSE3 Earnings and Revenue Growth November 9th 2022

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

BB Seguridade Participações Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates by 9.6%.

Looking ahead, revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Insurance industry in Brazil.

Performance of the Brazilian Insurance industry.

The company's shares are up 1.3% from a week ago.

Risk Analysis

You still need to take note of risks, for example - BB Seguridade Participações has 2 warning signs (and 1 which shouldn't be ignored) we think you should know about.

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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.