Locaweb Serviços de Internet Third Quarter 2024 Earnings: Revenues Miss Expectations

Locaweb Serviços de Internet (BVMF:LWSA3) Third Quarter 2024 Results

Key Financial Results

• Revenue: R$349.3m (up 5.8% from 3Q 2023).
• Net income: R$16.9m (up 336% from 3Q 2023).
• Profit margin: 4.8% (up from 1.2% in 3Q 2023).

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

Locaweb Serviços de Internet Revenues Disappoint

Revenue missed analyst estimates by 1.0%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Global IT industry.

Performance of the market in Brazil.

The company's shares are up 5.1% 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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