Cyrela Brazil Realty Empreendimentos e Participações Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St

November 17, 2024

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

Key Financial Results

Revenue: R$2.03b (up 25% from 3Q 2023).
Net income: R$473.1m (up 88% from 3Q 2023).
Profit margin: 23% (up from 16% in 3Q 2023). The increase in margin was driven by higher revenue.
EPS: R$1.26 (up from R$0.67 in 3Q 2023).

earnings-and-revenue-growth — BOVESPA:CYRE3 Earnings and Revenue Growth November 17th 2024

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

Cyrela Brazil Realty Empreendimentos e Participações Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 16%.

Looking ahead, revenue is forecast to grow 6.3% 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 1.4% from a week ago.

Valuation

If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates Cyrela Brazil Realty Empreendimentos e Participações could be a good place to look. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.

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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.