Loma Negra Compañía Industrial Argentina Sociedad Anónima Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Full Year 2023 Results
Key Financial Results
Revenue: AR$422.2b (up 191% from FY 2022).
Net income: AR$10.3b (up 432% from FY 2022).
Profit margin: 2.4% (up from 1.3% in FY 2022). The increase in margin was driven by higher revenue.
EPS: AR$88.30 (up from AR$16.56 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Loma Negra Compañía Industrial Argentina Sociedad Anónima Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 63%. Earnings per share (EPS) missed analyst estimates by 81%.
Looking ahead, revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Basic Materials industry in the US.
Performance of the American Basic Materials industry.
The company's shares are down 4.0% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Loma Negra Compañía Industrial Argentina Sociedad Anónima (1 is a bit unpleasant) you should be aware of.
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