Companhia Brasileira de Alumínio Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Companhia Brasileira de Alumínio (BVMF:CBAV3) Second Quarter 2024 Results

Key Financial Results

• Revenue: R$2.06b (up 24% from 2Q 2023).
• Net loss: R$102.0m (loss widened by 68% from 2Q 2023).
• R$0.16 loss per share (further deteriorated from R$0.10 loss in 2Q 2023).

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

Companhia Brasileira de Alumínio Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Metals and Mining industry in Brazil.

Performance of the Brazilian Metals and Mining industry.

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

Risk Analysis

It is worth noting though that we have found 3 warning signs for Companhia Brasileira de Alumínio (1 is a bit concerning!) that you need to take into consideration.

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