Stock Analysis
Viña Concha y Toro First Quarter 2024 Earnings: Beats Expectations
Viña Concha y Toro (SNSE:CONCHATORO) First Quarter 2024 Results
Key Financial Results
- Revenue: CL$206.2b (up 26% from 1Q 2023).
- Net income: CL$12.7b (up 304% from 1Q 2023).
- Profit margin: 6.2% (up from 1.9% in 1Q 2023). The increase in margin was driven by higher revenue.
- EPS: CL$17.24 (up from CL$4.27 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Viña Concha y Toro Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 22%.
Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Beverage industry in South America.
Performance of the market in Chile.
The company's shares are up 4.6% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Viña Concha y Toro's balance sheet.
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Find out whether Viña Concha y Toro is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About SNSE:CONCHATORO
Viña Concha y Toro
Produces and distributes wines in primarily in Chile, Argentina, and the United States.
Fair value with mediocre balance sheet.