Controladora Vuela Compañía de Aviación. de Second Quarter 2024 Earnings: EPS Beats Expectations
Controladora Vuela Compañía de Aviación. de (BMV:VOLARA) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$726.0m (down 7.1% from 2Q 2023).
- Net income: US$10.0m (up 81% from 2Q 2023).
- Profit margin: 1.4% (up from 0.7% in 2Q 2023). The increase in margin was driven by lower expenses.
- EPS: US$0.009 (up from US$0.005 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Controladora Vuela Compañía de Aviación. de EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 62%.
Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Global Airlines industry.
Performance of the market in Mexico.
The company's shares are down 3.8% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Controladora Vuela Compañía de Aviación. de's balance sheet health.
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About BMV:VOLAR A
Controladora Vuela Compañía de Aviación. de
Controladora Vuela Compañía de Aviación, S.A.B.
Undervalued with acceptable track record.
