Stock Analysis

Grupo Traxión. de Third Quarter 2024 Earnings: EPS Misses Expectations

BMV:TRAXION A
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Grupo Traxión. de (BMV:TRAXIONA) Third Quarter 2024 Results

Key Financial Results

  • Revenue: Mex$7.53b (up 18% from 3Q 2023).
  • Net income: Mex$97.1m (down 61% from 3Q 2023).
  • Profit margin: 1.3% (down from 3.8% in 3Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: Mex$0.17 (down from Mex$0.45 in 3Q 2023).
earnings-and-revenue-growth
BMV:TRAXION A Earnings and Revenue Growth November 2nd 2024

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

Grupo Traxión. de EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 72%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Transportation industry in South America.

Performance of the market in Mexico.

The company's shares are down 5.1% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Grupo Traxión. de that you should be aware of before investing here.

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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.