Vasta Platform Full Year 2023 Earnings: Misses Expectations

Vasta Platform (NASDAQ:VSTA) Full Year 2023 Results

Key Financial Results

• Revenue: R$1.49b (up 18% from FY 2022).
• Net loss: R$83.8m (loss widened by 54% from FY 2022).
• R$1.02 loss per share (further deteriorated from R$0.66 loss in FY 2022).

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

Vasta Platform Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 137%.

In the last 12 months, the only revenue segment was Educational Services - Education & Training Services contributing R$1.49b. The largest operating expense was General & Administrative costs, amounting to R$530.9m (53% of total expenses). Explore how VSTA's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Consumer Services industry in the US.

Performance of the American Consumer Services industry.

The company's shares are up 1.3% 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 Vasta Platform's balance sheet health.

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