Companhia Siderúrgica Nacional Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Companhia Siderúrgica Nacional (BVMF:CSNA3) Third Quarter 2024 Results

Key Financial Results

• Revenue: R$11.1b (flat on 3Q 2023).
• Net loss: R$840.3m (loss widened by 444% from 3Q 2023).
• R$0.63 loss per share (further deteriorated from R$0.12 loss in 3Q 2023).

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

Companhia Siderúrgica Nacional Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Metals and Mining industry in Brazil.

Performance of the Brazilian Metals and Mining industry.

The company's shares are down 13% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Companhia Siderúrgica Nacional.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.