Stock Analysis
- Brazil
- /
- Transportation
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- BOVESPA:RENT3
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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About BOVESPA:RENT3
Localiza Rent a Car
Engages in car and fleet rental business in Brazil and internationally.