CCR Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

CCR (BVMF:CCRO3) Third Quarter 2024 Results

Key Financial Results

• Revenue: R$5.59b (up 26% from 3Q 2023).
• Net income: R$422.0m (up 68% from 3Q 2023).
• Profit margin: 7.5% (up from 5.7% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: R$0.21 (up from R$0.13 in 3Q 2023).

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

CCR Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 26%.

Looking ahead, revenue is expected to decline by 14% p.a. on average during the next 3 years, while revenues in the Infrastructure industry in South America are expected to grow by 7.2%.

Performance of the market in Brazil.

The company's shares are down 1.7% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with CCR, and understanding them should be part of your investment process.

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