Vamos Locação de Caminhões Máquinas e Equipamentos First Quarter 2024 Earnings: EPS Beats Expectations

Vamos Locação de Caminhões Máquinas e Equipamentos (BVMF:VAMO3) First Quarter 2024 Results

Key Financial Results

• Revenue: R$1.73b (up 2.6% from 1Q 2023).
• Net income: R$183.0m (up 8.2% from 1Q 2023).
• Profit margin: 11% (in line with 1Q 2023).
• EPS: R$0.17 (up from R$0.17 in 1Q 2023).

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

Vamos Locação de Caminhões Máquinas e Equipamentos EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%.

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Transportation industry in Brazil.

Performance of the Brazilian Transportation industry.

The company's shares are up 16% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 5 warning signs for Vamos Locação de Caminhões Máquinas e Equipamentos (3 shouldn't be ignored!) that you need to be mindful of.

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