Companhia Brasileira de Alumínio Third Quarter 2024 Earnings: Revenues Miss Expectations

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

Key Financial Results

• Revenue: R$2.14b (up 15% from 3Q 2023).
• Net income: R$57.8m (up from R$289.4m loss in 3Q 2023).
• Profit margin: 2.7% (up from net loss in 3Q 2023). The move to profitability was primarily driven by higher revenue.

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

Companhia Brasileira de Alumínio Revenues Disappoint

Revenue missed analyst estimates by 1.3%.

Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Metals and Mining industry in Brazil.

Performance of the Brazilian Metals and Mining industry.

The company's shares are down 5.8% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Companhia Brasileira de Alumínio (1 is significant) you should be aware of.

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