EcoRodovias Infraestrutura e Logística Third Quarter 2024 Earnings: Revenues In Line With Expectations

EcoRodovias Infraestrutura e Logística (BVMF:ECOR3) Third Quarter 2024 Results

Key Financial Results

• Revenue: R$2.54b (down 1.3% from 3Q 2023).
• Net income: R$262.5m (up 20% from 3Q 2023).
• Profit margin: 10% (up from 8.5% in 3Q 2023). The increase in margin was driven by lower expenses.

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

EcoRodovias Infraestrutura e Logística Meets Expectations

Revenue was in line with analyst estimates.

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 7.3%.

Performance of the market in Brazil.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for EcoRodovias Infraestrutura e Logística you should know about.

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.