Locaweb Serviços de Internet Second Quarter 2024 Earnings: EPS: R$0.03 (vs R$0.068 loss in 2Q 2023)
Locaweb Serviços de Internet (BVMF:LWSA3) Second Quarter 2024 Results
Key Financial Results
- Revenue: R$336.0m (up 7.5% from 2Q 2023).
- Net income: R$18.3m (up from R$39.7m loss in 2Q 2023).
- Profit margin: 5.5% (up from net loss in 2Q 2023).
- EPS: R$0.03 (up from R$0.068 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Locaweb Serviços de Internet Earnings Insights
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Global IT industry.
Performance of the market in Brazil.
The company's shares are up 3.2% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Locaweb Serviços de Internet that you need to take into consideration.
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About BOVESPA:LWSA3
Locaweb Serviços de Internet
Offers hosting, software licensing, and technical support services in Brazil.
Flawless balance sheet with reasonable growth potential.