Grupo Carso. de Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Grupo Carso. de (BMV:GCARSOA1) Full Year 2024 Results

Key Financial Results

• Revenue: Mex$203.0b (up 2.3% from FY 2023).
• Net income: Mex$15.0b (up 11% from FY 2023).
• Profit margin: 7.4% (up from 6.8% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: Mex$6.64 (up from Mex$6.00 in FY 2023).

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

Grupo Carso. de EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) exceeded analyst estimates by 3.7%.

Looking ahead, revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Global Industrials industry.

Performance of the market in Mexico.

The company's shares are up 2.0% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Grupo Carso. de's balance sheet.

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