Corpovael. de Third Quarter 2024 Earnings: EPS: Mex$0.11 (vs Mex$0.34 in 3Q 2023)

Simply Wall St · 10/17 12:05

Corpovael. de (BMV:CADUA) Third Quarter 2024 Results

Key Financial Results

  • Revenue: Mex$1.18b (up 15% from 3Q 2023).
  • Net income: Mex$33.2m (down 70% from 3Q 2023).
  • Profit margin: 2.8% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: Mex$0.11 (down from Mex$0.34 in 3Q 2023).
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BMV:CADU A Earnings and Revenue Growth October 17th 2024

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

Corpovael. de Earnings Insights

Looking ahead, revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Durables industry in South America.

Performance of the market in Mexico.

The company's shares are up 2.6% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Corpovael. de, and understanding these should be part of your investment process.