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BRF SA (BRFS)
NYSE:BRFS
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.13Last Year’s EPS
$0.09Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: 3.55%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted BRF's record-breaking EBITDA margins, significant revenue growth, and operational efficiency gains, although challenges in Rio Grande do Sul exports and stable pricing in the domestic market were noted. Overall, the positives outweigh the negatives.Company Guidance
During the third quarter of 2024, BRF achieved remarkable financial and operational success, marked by a 19.1% EBITDA margin and an EBITDA of approximately BRL 3 billion, representing the highest quarterly result in the company's history. The company's net revenue reached BRL 15.5 billion, a 12% increase compared to the same period in 2023, while free cash flow amounted to BRL 1.8 billion. The financial cycle improved significantly, with working capital converting to just one day, marking a record low. BRF also reported a reduction in net debt to BRL 6.9 billion, the lowest since 2015, with leverage reaching 0.7x EBITDA over the last 12 months. The International segment saw a positive performance, with an EBITDA margin of 22.2%, supported by market diversification, increased sales of value-added products, and recovery in pork cut prices. The BRF+ 2.0 program continued to drive operational efficiency, contributing BRL 330 million in additional gains, and the company anticipates further improvements with the BRF+ 3.0 initiative targeting 2025.Record-Breaking EBITDA Margin
BRF achieved an all-time record EBITDA margin of 19.1% for Q3 2024, with an EBITDA of around BRL 3 billion.
Revenue Growth
The company reported a 12% increase in net revenue compared to Q3 2023, reaching BRL 15.5 billion.
Free Cash Flow and Leverage
Free cash flow reached BRL 1.8 billion, and the financial cycle converted to 1 day, the lowest level on record. The company achieved its lowest leverage at 0.7x EBITDA in the last 12 months.
Market Diversification
BRF expanded its international market presence with 13 new export permits, totaling 70 new permits for 2024, and made significant investments in Saudi Arabia.
Operational Efficiency Gains
Continued improvements in operational efficiency, including a 2.2% increase in poultry production yields and a 2.9% increase in pork production yields.
Sustainability Achievements
Certification of BRF slaughter plants in Turkey and Brazil, and recognition of transparency in greenhouse emissions inventory.
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BRFS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BRFS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $4.20 | $4.20 | 0.00% |
| Aug 14, 2024 | $4.23 | $4.31 | +1.89% |
| May 07, 2024 | $3.29 | $3.64 | +10.64% |
| Feb 26, 2024 | $2.74 | $3.03 | +10.58% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does BRF SA (BRFS) report earnings?
BRF SA (BRFS) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is BRF SA (BRFS) earnings time?
BRF SA (BRFS) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BRFS EPS forecast?
BRFS EPS forecast for the fiscal quarter 2024 (Q4) is $0.13.
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