Movida Participações Full Year 2024 Earnings: EPS Misses Expectations

Movida Participações (BVMF:MOVI3) Full Year 2024 Results

Key Financial Results

• Revenue: R$13.5b (up 30% from FY 2023).
• Net income: R$231.5m (up from R$650.9m loss in FY 2023).
• Profit margin: 1.7% (up from net loss in FY 2023). The move to profitability was driven by higher revenue.
• EPS: R$0.48 (up from R$1.82 loss in FY 2023).

This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.

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

Movida Participações EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 28%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Transportation industry in Brazil.

Performance of the Brazilian Transportation industry.

The company's shares are up 22% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Movida Participações that we have uncovered.

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.