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    Results Time: The analyzes for Magazine Luiza (MGLU3), Nubank (NUBR33) and Banco Inter (BIDI11)

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    Some of the most anticipated balance sheets came in the last week of the balance sheets for the first quarter of 2022. Among them Magazine Luiza (MGLU3), Nubank (NUBR33) and Inter Bank (BIDI11).

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    THE Magazine Luiza reported a net loss of R$161 million in the first quarter of 2022, reversing the net income of R$258 million from the same period last year.

    sales in e-commercehowever, increased 16.2% and reached R$ 10.2 billion.

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    The fact is that the company has been suffering from the worsening economy, caused by the rise in interest rates. High inflation, less money in the consumer’s pocket. Since its peak, the action of Magazine Luiza already melted more than 80%.

    For Bruno Guimarães, specialist in variable income at Vitreousit will be a difficult year for the company and for the sector in general, as products end up getting more expensive.

    It’s hard to keep growing when you’ve been growing for many years. Magazine Luiza grew very well for a few years and it is difficult for you to continue with this exponential growth.”

    THE Nubank (NUBR33) also reported a loss of $45 million. In the same period last year, the reported loss was R$ 54.4 million.

    The bank ended the first quarter with a record 59.6 million customers, with historic highs both in retail and in SMEs (small and medium-sized companies).

    For the analyst, the company’s shares are expensive. The value that came out of the company’s IPO was much higher than the expectation of what the bank can present at present value.

    THE Inter Bank (BIDI11), on the other hand, reported a net income of R$ 27 million, up 32%. If compared to the fourth quarter of 2020, profit soared 331%. The total number of customers reached 18 million, an increase of 82.4%.

    But the value of the company’s shares has been falling since 2021 and Guimarães reveals that “this movement that we saw from Inter Bank it was due to the company’s Market Cap, which is small, being concentrated in the hands of a few people”.

    Disclaimer

    THE Money Times publishes informative articles of a journalistic nature. This publication does not constitute an investment recommendation.

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    Source: Moneytimes

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