EcoRodovias Infraestrutura e Logística Full Year 2023 Earnings: Beats Expectations

EcoRodovias Infraestrutura e Logística (BVMF:ECOR3) Full Year 2023 Results

Key Financial Results

• Revenue: R$8.85b (up 46% from FY 2022).
• Net income: R$569.6m (up 125% from FY 2022).
• Profit margin: 6.4% (up from 4.2% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: R$0.82 (up from R$0.36 in FY 2022).

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

EcoRodovias Infraestrutura e Logística Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 3.1%.

Looking ahead, revenue is expected to decline by 5.7% p.a. on average during the next 3 years, while revenues in the Infrastructure industry in South America are expected to grow by 5.1%.

Performance of the market in Brazil.

The company's shares are up 3.2% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for EcoRodovias Infraestrutura e Logística you should be aware of.

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