Grupo Financiero Inbursa. de Third Quarter 2024 Earnings: Beats Expectations

Grupo Financiero Inbursa. de (BMV:GFINBURO) Third Quarter 2024 Results

Key Financial Results

• Revenue: Mex$15.6b (up 21% from 3Q 2023).
• Net income: Mex$10.0b (up 33% from 3Q 2023).
• Profit margin: 64% (up from 59% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: Mex$2.73 (up from Mex$1.00 in 3Q 2023).

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

Grupo Financiero Inbursa. de Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 35%.

Looking ahead, revenue is forecast to grow 7.7% 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 1.9% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Grupo Financiero Inbursa. de's balance sheet and an in-depth analysis of the company's financial position.

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