Localiza Rent a Car Second Quarter 2024 Earnings: R$0.54 loss per share (vs R$0.09 loss in 2Q 2023)

Localiza Rent a Car (BVMF:RENT3) Second Quarter 2024 Results

Key Financial Results

• Revenue: R$9.05b (up 32% from 2Q 2023).
• Net loss: R$569.6m (loss widened by R$481.5m from 2Q 2023).
• R$0.54 loss per share (further deteriorated from R$0.09 loss in 2Q 2023).

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

Localiza Rent a Car Earnings Insights

Looking ahead, revenue is forecast to grow 16% 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 down 17% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Localiza Rent a Car (1 makes us a bit uncomfortable!) that we have uncovered.

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