Cury Construtora e Incorporadora Full Year 2022 Earnings: Misses Expectations

Cury Construtora e Incorporadora (BVMF:CURY3) Full Year 2022 Results

Key Financial Results

• Revenue: R$2.26b (up 30% from FY 2021).
• Net income: R$329.9m (up 10% from FY 2021).
• Profit margin: 15% (down from 17% in FY 2021). The decrease in margin was driven by higher expenses.
• EPS: R$1.07 (up from R$1.03 in FY 2021).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cury Construtora e Incorporadora Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 4.2%.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Consumer Durables industry in Brazil.

Performance of the Brazilian Consumer Durables industry.

The company's shares are up 3.0% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Cury Construtora e Incorporadora that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.