Movida Participações Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Movida Participações (BVMF:MOVI3) Third Quarter 2024 Results

Key Financial Results

• Revenue: R$3.78b (up 42% from 3Q 2023).
• Net income: R$78.2m (up from R$65.7m loss in 3Q 2023).
• Profit margin: 2.1% (up from net loss in 3Q 2023).
• EPS: R$0.47 (up from R$0.18 loss in 3Q 2023).

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

Movida Participações Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 9.1%. Earnings per share (EPS) missed analyst estimates by 2.5%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Transportation industry in Brazil.

Performance of the Brazilian Transportation industry.

The company's shares are up 13% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Movida Participações (2 are significant!) that you should be aware of.

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