Fibra Upsite First Quarter 2024 Earnings: EPS: Mex$0.33 (vs Mex$0.88 in 1Q 2023)

Fibra Upsite (BMV:FIBRAUP18) First Quarter 2024 Results

Key Financial Results

• Revenue: Mex$62.4m (up 62% from 1Q 2023).
• Net income: Mex$18.4m (down 63% from 1Q 2023).
• Profit margin: 30%.
• EPS: Mex$0.33 (down from Mex$0.88 in 1Q 2023).

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

Fibra Upsite Earnings Insights

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Capital Markets industry in South America.

Performance of the market in Mexico.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Fibra Upsite (at least 2 which make us uncomfortable), and understanding these should be part of your investment process.

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