Via (VIIA3) terá prejuízo milionário no 4T21, dizem analistas

Via (VIIA3) no 4T21

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Com resultado trimestral a ser publicado nesta quarta-feira (9), a Via (VIIA3) atrai a atenção dos investidores após uma maré negativa com perdas acima de 65% nos últimos 12 meses

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O cenário competitivo e a inflação persistente fazem com que os analistas do Itaú BBA e da XP projetem prejuízo na casa de R$ 120 milhões para a varejista no quarto trimestre de 2021

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Para o Itáu BBA, o resultado trimestral da Via continuará a ser pressionado pelas provisões trabalhistas Isso deve ocasionar um prejuízo de R$ 127 milhões no 4T21, com R$ 594 milhões de EBITDA ajustado e 7,1% de margem Ebitda

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Os analistas do banco veem um recuo de 20% nas vendas mesmas lojas no trimestre. Mas, por outro lado, acreditam em um crescimento anual de 15% no GMV Online

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No seu parecer mais recente, seguindo o consenso de mercado, o Itaú BBA revisou suas projeções para as ações da varejista, cortando o preço-alvo para R$ 4,70 com rótulo marketperform

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Segundo o BBA, a atual estratégia que mantém o foco em rentabilidade ao invés de crescimento, aliada a forte concorrência no segmento de varejo digital, pode levar a um efeito negativo na sua participação de mercado no futuro

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Já a XP Investimentos espera um trimestre neutro e com uma dinâmica parecida com o 3T21 e em linha com a concorrência, com possibilidades de números mais fracos O prejuízo da Via é projetado em R$ 129 milhões

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A recomendação é neutra com preço-alvo de R$ 7,00 Vale frisar que o analistas mantém cautela para o setor como um todo, com recomendações neutras para concorrentes, como Magazine Luiza (MGLU3) e Americanas (AMER3)

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Para o balanço da Via no 4t21, a XP projeta um prejuízo líquido de R$ 129 milhões no 4T21, com queda de 222% no comparativo anual. A receita e o EBITDA, contudo, devem crescer 11% e 27%, segundo a corretora

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Veja as projeções da XP e do BBA para o 4T21 da Via

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Ao ter contato com os dados de varejo, o BB Investimentos destaca um “cenário inflacionário ainda desafiador” para as companhias do setor, o que deve penalizar especialmente o GMV

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Com recomendação neutra, o banco mira R$ 20 de cotação e projeta, no acumulado de 2021, um lucro de R$ 147 milhões, com um ROE de -1,2% e um EV/ EBITDA de 9,6 vezes

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