2024-01-27 05:50:22 ET
Summary
- TIMB is projected to announce Q4 revenue of $1.27 billion, with earnings per share of $0.41, which aligns with full-year guidance and the 2023-2025 strategic plan.
- Inflation in Brazil, which has been a concern for telecom companies, improved more than expected, providing a favorable backdrop for TIMB.
- TIMB's acquisition of Oi Group's Mobile business in 2022 has exceeded expectations, with strong service revenue and EBITDA growth.
- I continue to maintain a buy rating on TIMB stock, with a price target of $18.90.
I am revisiting my previous analysis on TIM S.A. (TIMB) in advance of Q4 2023 earnings, which will be released post-market on February 6th....
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TIM S.A. Q4 Earnings Preview: Inflation Surprise