GCC. de Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

GCC. de (BMV:GCC) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$398.2m (down 4.3% from 3Q 2023).
• Net income: US$107.3m (up 1.5% from 3Q 2023).
• Profit margin: 27% (up from 25% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: US$0.33 (up from US$0.32 in 3Q 2023).

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

GCC. de EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 5.6%.

Looking ahead, revenue is forecast to grow 5.6% 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 up 7.4% from a week ago.

Valuation

GCC. de's financial results now indicate the company's shares could present an opportunity based on 6 important indicators. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.

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