Hidrovias do Brasil Second Quarter 2024 Earnings: EPS Misses Expectations

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

Key Financial Results

• Revenue: R$401.3m (down 33% from 2Q 2023).
• Net loss: R$56.2m (down by 148% from R$117.9m profit in 2Q 2023).
• R$0.074 loss per share (down from R$0.15 profit in 2Q 2023).

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

Hidrovias do Brasil EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 1.0% growth forecast for the Global Shipping industry.

Performance of the market in Brazil.

The company's shares are down 1.1% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Hidrovias do Brasil's balance sheet health.

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