Corporativo Fragua. de Third Quarter 2024 Earnings: EPS: Mex$10.90 (vs Mex$11.64 in 3Q 2023)

Corporativo Fragua. de (BMV:FRAGUAB) Third Quarter 2024 Results

Key Financial Results

• Revenue: Mex$29.6b (up 8.8% from 3Q 2023).
• Net income: Mex$1.12b (down 6.4% from 3Q 2023).
• Profit margin: 3.8% (down from 4.4% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: Mex$10.90 (down from Mex$11.64 in 3Q 2023).

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

Corporativo Fragua. de Earnings Insights

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Consumer Retailing industry in Mexico.

Performance of the Mexican Consumer Retailing industry.

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 Corporativo Fragua. de's balance sheet and an in-depth analysis of the company's financial position.

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