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- BOVESPA:VAMO3
Vamos Locação de Caminhões Máquinas e Equipamentos Second Quarter 2024 Earnings: Misses Expectations
Vamos Locação de Caminhões Máquinas e Equipamentos (BVMF:VAMO3) Second Quarter 2024 Results
Key Financial Results
- Revenue: R$1.88b (up 28% from 2Q 2023).
- Net income: R$140.8m (up 32% from 2Q 2023).
- Profit margin: 7.5% (up from 7.3% in 2Q 2023). The increase in margin was driven by higher revenue.
- EPS: R$0.13 (up from R$0.10 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Vamos Locação de Caminhões Máquinas e Equipamentos Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 38%.
Looking ahead, revenue is forecast to grow 20% 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 5.5% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Vamos Locação de Caminhões Máquinas e Equipamentos has 3 warning signs (and 2 which are concerning) we think you should know about.
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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.
About BOVESPA:VAMO3
Vamos Locação de Caminhões Máquinas e Equipamentos
Together with its subsidiaries engages in the leasing, reselling, and selling of trucks, machinery, and equipment in Brazil.
High growth potential and good value.