Banco del Bajío Institución de Banca Múltiple Third Quarter 2024 Earnings: EPS Misses Expectations

Banco del Bajío Institución de Banca Múltiple (BMV:BBAJIOO) Third Quarter 2024 Results

Key Financial Results

• Revenue: Mex$5.73b (flat on 3Q 2023).
• Net income: Mex$2.53b (down 8.4% from 3Q 2023).
• Profit margin: 44% (down from 48% in 3Q 2023).
• EPS: Mex$2.12 (down from Mex$2.32 in 3Q 2023).

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

Banco del Bajío Institución de Banca Múltiple EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.5%.

Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Banks industry in South America.

Performance of the market in Mexico.

The company's shares are down 8.2% from a week ago.

Valuation

Our analysis of these results suggests Banco del Bajío Institución de Banca Múltiple may be undervalued based on 6 important criteria we look at. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.

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