Stock Analysis

Cyrela Brazil Realty Empreendimentos e Participações First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St

May 11, 2024

Cyrela Brazil Realty Empreendimentos e Participações (BVMF:CYRE3) First Quarter 2024 Results

Key Financial Results

Revenue: R$1.58b (up 23% from 1Q 2023).
Net income: R$267.0m (up 63% from 1Q 2023).
Profit margin: 17% (up from 13% in 1Q 2023). The increase in margin was driven by higher revenue.
EPS: R$0.71 (up from R$0.44 in 1Q 2023).

earnings-and-revenue-growth — BOVESPA:CYRE3 Earnings and Revenue Growth May 11th 2024

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

Cyrela Brazil Realty Empreendimentos e Participações EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 3.6%.

Looking ahead, revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Durables industry in Brazil.

Performance of the Brazilian Consumer Durables industry.

The company's shares are down 4.1% from a week ago.

Valuation

Following the latest earnings results, Cyrela Brazil Realty Empreendimentos e Participações may be undervalued based on 6 different valuation benchmarks we assess. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.

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Find out whether Cyrela Brazil Realty Empreendimentos e Participações is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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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.