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

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).

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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