Cox Energy América. de Third Quarter 2024 Earnings: EPS: Mex$0.90 (vs Mex$0.18 loss in 3Q 2023)

Cox Energy América. de (BMV:COXA) Third Quarter 2024 Results

Key Financial Results

• Revenue: Mex$1.67b (up by Mex$1.51b from 3Q 2023).
• Net income: Mex$162.3m (up from Mex$29.8m loss in 3Q 2023).
• Profit margin: 9.7% (up from net loss in 3Q 2023).
• EPS: Mex$0.90 (up from Mex$0.18 loss in 3Q 2023).

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

Cox Energy América. de Earnings Insights

Looking ahead, revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Renewable Energy industry in South America.

Performance of the market in Mexico.

The company's shares are down 1.6% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Cox Energy América. de (1 is a bit concerning!) that you need to be mindful of.

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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.