Companhia de Saneamento de Minas Gerais Third Quarter 2024 Earnings: Revenues Beat Expectations

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

Key Financial Results

• Revenue: R$2.05b (up 9.0% from 3Q 2023).
• Net income: R$368.3m (down 16% from 3Q 2023).
• Profit margin: 18% (down from 23% in 3Q 2023). The decrease in margin was driven by higher expenses.

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

Companhia de Saneamento de Minas Gerais Revenues Beat Expectations

Revenue exceeded analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Global Water Utilities industry.

Performance of the market in Brazil.

The company's shares are up 1.3% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Companhia de Saneamento de Minas Gerais (including 1 which shouldn't be ignored).

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