Stock Analysis
Banco del Bajío Institución de Banca Múltiple Second Quarter 2024 Earnings: EPS Beats Expectations
Banco del Bajío Institución de Banca Múltiple (BMV:BBAJIOO) Second Quarter 2024 Results
Key Financial Results
- Revenue: Mex$6.19b (up 6.5% from 2Q 2023).
- Net income: Mex$2.85b (up 2.3% from 2Q 2023).
- Profit margin: 46% (down from 48% in 2Q 2023). The decrease in margin was driven by higher expenses.
- EPS: Mex$2.39.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Banco del Bajío Institución de Banca Múltiple EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.4%.
Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Banks industry in South America.
Performance of the market in Mexico.
The company's shares are down 4.3% from a week ago.
Valuation
It's possible that Banco del Bajío Institución de Banca Múltiple could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.
Valuation is complex, but we're here to simplify it.
Discover if Banco del Bajío Institución de Banca Múltiple might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
About BMV:BBAJIO O
Banco del Bajío Institución de Banca Múltiple
Provides banking products and services in Mexico.
Very undervalued with flawless balance sheet and pays a dividend.
