Stock Analysis
Regional. de (BMV:RA) First Quarter 2024 Results
Key Financial Results
- Revenue: Mex$3.71b (up 20% from 1Q 2023).
- Net income: Mex$1.62b (up 36% from 1Q 2023).
- Profit margin: 44% (up from 39% in 1Q 2023). The increase in margin was driven by higher revenue.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Regional. de Earnings Insights
Looking ahead, revenue is forecast to grow 12% 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 share price is broadly unchanged from a week ago.
Risk Analysis
You still need to take note of risks, for example - Regional. de has 1 warning sign we think you should be aware of.
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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.
About BMV:R A
Regional. de
Regional S.A.B. de C.V. provides various banking products and services.
Outstanding track record with flawless balance sheet.
