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Locaweb Services de Internet Third Quarter 2022 Earnings: Revenues Beat Expectations

Locaweb Internet Services (BVMF:LWSA3) Third Quarter 2022 Results

Key Financial Results

  • Revenue: R$304.3m (up 46% from 3Q 2021).
  • Net loss: R$6.38m (loss widened by 71% from 3Q 2021).
BOVESPA:LWSA3 Earnings and Revenue Growth November 13th 2022

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

Locaweb Services of Internet Revenues Beat Expectations

Revenue exceeded analyst estimates by 1.8%.

Looking ahead, revenue is forecast to grow 19% pa on average during the next 3 years, compared to a 6.8% growth forecast for the IT industry in South America.

Performance of the market in Brazil.

The company’s shares are down 20% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Locaweb Internet Services (1 is a bit concerning!) that we have uncovered.

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Find out whether Locaweb Internet Services is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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