Yahoo Finance Vasta Platform Full Year 2023 Earnings: Misses Expectations
Vasta Platform (NASDAQ:VSTA) Full Year 2023 Results
Key Financial Results
Revenue: R$1.49b (up 18% from FY 2022).
Net loss: R$83.8m (loss widened by 54% from FY 2022).
R$1.02 loss per share (further deteriorated from R$0.66 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Vasta Platform Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 137%.
In the last 12 months, the only revenue segment was Educational Services - Education & Training Services contributing R$1.49b. The largest operating expense was General & Administrative costs, amounting to R$530.9m (53% of total expenses). Explore how VSTA's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Consumer Services industry in the US.
Performance of the American Consumer Services industry.
The company's shares are down 1.1% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Vasta Platform's balance sheet health.
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