Locaweb Serviços de Internet Full Year 2023 Earnings: EPS Misses Expectations

Locaweb Serviços de Internet (BVMF:LWSA3) Full Year 2023 Results

Key Financial Results

• Revenue: R$1.29b (up 14% from FY 2022).
• Net loss: R$73.7m (down by 361% from R$28.3m profit in FY 2022).
• R$0.13 loss per share (down from R$0.048 profit in FY 2022).

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

Locaweb Serviços de Internet EPS Misses Expectations

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

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Global IT industry.

Performance of the market in Brazil.

The company's shares are up 6.9% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Locaweb Serviços de Internet, and understanding this should be part of your investment process.

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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.