Gentera. de Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St · 10/25 14:03

Gentera. de (BMV:GENTERA) Third Quarter 2024 Results

Key Financial Results

  • Revenue: Mex$7.34b (up 17% from 3Q 2023).
  • Net income: Mex$1.65b (up 33% from 3Q 2023).
  • Profit margin: 22% (up from 20% in 3Q 2023). The increase in margin was driven by higher revenue.
  • EPS: Mex$1.00 (up from Mex$0.79 in 3Q 2023).
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BMV:GENTERA * Earnings and Revenue Growth October 25th 2024

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

Gentera. de Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) also surpassed analyst estimates by 17%.

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Global Consumer Finance industry.

Performance of the market in Mexico.

The company's shares are up 1.2% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Gentera. de's balance sheet health.