XP Third Quarter 2024 Earnings: Revenues Disappoint

XP (NASDAQ:XP) Third Quarter 2024 Results

Key Financial Results

• Revenue: R$4.12b (up 3.1% from 3Q 2023).
• Net income: R$1.19b (up 9.3% from 3Q 2023).
• Profit margin: 29% (up from 27% in 3Q 2023).
• EPS: R$2.22 (up from R$1.99 in 3Q 2023).

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

XP Revenues Disappoint

Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are down 6.7% 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 XP's balance sheet.

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