Hidrovias do Brasil First Quarter 2024 Earnings: Misses Expectations

Hidrovias do Brasil (BVMF:HBSA3) First Quarter 2024 Results

Key Financial Results

• Revenue: R$401.0m (down 16% from 1Q 2023).
• Net loss: R$70.9m (down by 453% from R$20.1m profit in 1Q 2023).
• R$0.093 loss per share (down from R$0.026 profit in 1Q 2023).

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

Hidrovias do Brasil Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, while revenues in the Global Shipping industry are expected to remain flat.

Performance of the market in Brazil.

The company's shares are down 4.7% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Hidrovias do Brasil's balance sheet and an in-depth analysis of the company's financial position.

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