Cury Construtora e Incorporadora Full Year 2023 Earnings: EPS Misses Expectations

Cury Construtora e Incorporadora (BVMF:CURY3) Full Year 2023 Results

Key Financial Results

• Revenue: R$2.89b (up 28% from FY 2022).
• Net income: R$481.8m (up 46% from FY 2022).
• Profit margin: 17% (up from 15% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: R$1.65 (up from R$1.13 in FY 2022).

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

Cury Construtora e Incorporadora EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.8%.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Consumer Durables industry in Brazil.

Performance of the Brazilian Consumer Durables industry.

The company's shares are up 8.8% from a week ago.

Risk Analysis

Be aware that Cury Construtora e Incorporadora is showing 1 warning sign in our investment analysis that you should know about...

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