Nemak S. A. B. de C. V First Quarter 2024 Earnings: EPS: US$0.008 (vs US$0.005 loss in 1Q 2023)

Nemak S. A. B. de C. V (BMV:NEMAKA) First Quarter 2024 Results

Key Financial Results

• Revenue: US$1.21b (down 3.7% from 1Q 2023).
• Net income: US$25.0m (up from US$14.8m loss in 1Q 2023).
• Profit margin: 2.1% (up from net loss in 1Q 2023).
• EPS: US$0.008 (up from US$0.005 loss in 1Q 2023).

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

Nemak S. A. B. de C. V Earnings Insights

Looking ahead, revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Global Auto Components industry.

Performance of the market in Mexico.

The company's shares are up 8.1% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Nemak S. A. B. de C. V that you should be aware of.

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