Stock Analysis

Cury Construtora e Incorporadora Full Year 2022 Earnings: Misses Expectations

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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).
BOVESPA:CURY3 Earnings and Revenue Growth March 17th 2023

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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