Caixa Seguridade Participações Full Year 2022 Earnings: Beats Expectations

Caixa Seguridade Participações (BVMF:CXSE3) Full Year 2022 Results

Key Financial Results

• Revenue: R$3.63b (up 48% from FY 2021).
• Net income: R$2.91b (up 53% from FY 2021).
• Profit margin: 80% (up from 77% in FY 2021). The increase in margin was driven by higher revenue.
• EPS: R$969 (up from R$0.63 in FY 2021).

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

Caixa Seguridade Participações Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 8.2%.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Insurance industry in Brazil.

Performance of the Brazilian Insurance industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Caixa Seguridade Participações that you need to be mindful of.

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