Orbia Advance Corporation. de Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St · 10/25 12:47

Orbia Advance Corporation. de (BMV:ORBIA) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$1.89b (down 4.5% from 3Q 2023).
  • Net income: US$86.0m (up 19% from 3Q 2023).
  • Profit margin: 4.6% (up from 3.6% in 3Q 2023). The increase in margin was driven by lower expenses.
  • EPS: US$0.05 (up from US$0.04 in 3Q 2023).
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BMV:ORBIA * Earnings and Revenue Growth October 25th 2024

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

Orbia Advance Corporation. de EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) exceeded analyst estimates by 163%.

Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Chemicals industry in South America.

Performance of the market in Mexico.

The company's shares are down 1.5% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Orbia Advance Corporation. de that we have uncovered.