Brisanet Participações Third Quarter 2023 Earnings: EPS Beats Expectations, Revenues Lag

Brisanet Participações (BVMF:BRIT3) Third Quarter 2023 Results

Key Financial Results

• Revenue: R$310.5m (up 22% from 3Q 2022).
• Net income: R$31.8m (up 45% from 3Q 2022).
• Profit margin: 10% (up from 8.7% in 3Q 2022). The increase in margin was driven by higher revenue.
• EPS: R$0.071 (up from R$0.049 in 3Q 2022).

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

Brisanet Participações EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates by 1.7%.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Telecom industry in South America.

Performance of the market in Brazil.

The company's shares are up 3.8% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Brisanet Participações has 2 warning signs we think you should be aware of.

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