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.

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.