Companhia de Saneamento de Minas Gerais First Quarter 2024 Earnings: EPS: R$0.93 (vs R$0.89 in 1Q 2023)

Companhia de Saneamento de Minas Gerais (BVMF:CSMG3) First Quarter 2024 Results

Key Financial Results

• Revenue: R$1.86b (up 7.5% from 1Q 2023).
• Net income: R$351.6m (up 4.1% from 1Q 2023).
• Profit margin: 19% (in line with 1Q 2023).
• EPS: R$0.93 (up from R$0.89 in 1Q 2023).

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

Companhia de Saneamento de Minas Gerais Earnings Insights

Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Global Water Utilities industry.

Performance of the market in Brazil.

The company's shares are down 9.0% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Companhia de Saneamento de Minas Gerais (of which 1 doesn't sit too well with us!) you should know about.

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