Corporación Moctezuma. de Second Quarter 2024 Earnings: EPS: Mex$2.11 (vs Mex$1.65 in 2Q 2023)

Corporación Moctezuma. de (BMV:CMOCTEZ) Second Quarter 2024 Results

Key Financial Results

• Revenue: Mex$5.29b (up 6.2% from 2Q 2023).
• Net income: Mex$1.80b (up 27% from 2Q 2023).
• Profit margin: 34% (up from 29% in 2Q 2023). The increase in margin was primarily driven by higher revenue.
• EPS: Mex$2.11 (up from Mex$1.65 in 2Q 2023).

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

Corporación Moctezuma. de Earnings Insights

Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in South America are expected to remain flat.

Performance of the market in Mexico.

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

Risk Analysis

We should say that we've discovered 2 warning signs for Corporación Moctezuma. de (1 doesn't sit too well with us!) that you should be aware of before investing here.

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