Bolsa Mexicana de Valores. de Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St · 10/25 13:36

Bolsa Mexicana de Valores. de (BMV:BOLSAA) Third Quarter 2024 Results

Key Financial Results

  • Revenue: Mex$1.06b (up 13% from 3Q 2023).
  • Net income: Mex$409.9m (up 24% from 3Q 2023).
  • Profit margin: 39% (up from 35% in 3Q 2023). The increase in margin was driven by higher revenue.
  • EPS: Mex$0.73 (up from Mex$0.70 in 3Q 2023).
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BMV:BOLSA A Earnings and Revenue Growth October 25th 2024

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

Bolsa Mexicana de Valores. de Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 5.8%.

Looking ahead, revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Global Capital Markets industry.

Performance of the market in Mexico.

The company's shares are down 3.3% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Bolsa Mexicana de Valores. de's balance sheet.