Stock Analysis

Corporación Inmobiliaria Vesta. de Third Quarter 2024 Earnings: Beats Expectations

BMV:VESTA *
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Corporación Inmobiliaria Vesta. de (BMV:VESTA) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$63.7m (up 14% from 3Q 2023).
  • Net income: US$52.0m (down 32% from 3Q 2023).
  • Profit margin: 82%.
  • EPS: US$0.13.
earnings-and-revenue-growth
BMV:VESTA * Earnings and Revenue Growth October 26th 2024

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

Corporación Inmobiliaria Vesta. de Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Real Estate industry in South America.

Performance of the market in Mexico.

The company's shares are down 1.9% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Corporación Inmobiliaria Vesta. de (including 1 which doesn't sit too well with us).

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.