Vasta Platform (NASDAQ:VSTA) First Quarter 2024 Results
Key Financial Results
- Revenue: R$460.7m (up 14% from 1Q 2023).
- Net income: R$22.2m (up from R$2.28m loss in 1Q 2023).
- Profit margin: 4.8% (up from net loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Vasta Platform Earnings Insights
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 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 down 4.2% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Vasta Platform's balance sheet.
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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.
About NasdaqGS:VSTA
Vasta Platform
Provides educational printed and digital solutions to private schools operating in the K-12 education sector in Brazil.
Excellent balance sheet and good value.
