Grupo Casas Bahia Second Quarter 2024 Earnings: EPS Beats Expectations

Grupo Casas Bahia (BVMF:BHIA3) Second Quarter 2024 Results

Key Financial Results

• Net income: R$37.0m (down 88% from 2Q 2023).
• EPS: R$0.39 (down from R$4.41 in 2Q 2023).

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

Grupo Casas Bahia EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is expected to decline by 7.6% p.a. on average during the next 3 years, while revenues in the Specialty Retail industry in Brazil are expected to grow by 1.9%.

Performance of the Brazilian Specialty Retail industry.

The company's shares are up 15% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 4 warning signs for Grupo Casas Bahia (2 can't be ignored!) that you need to be mindful of.

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