Even Construtora e Incorporadora Third Quarter 2023 Earnings: EPS Beats Expectations

Even Construtora e Incorporadora (BVMF:EVEN3) Third Quarter 2023 Results

Key Financial Results

• Revenue: R$651.8m (down 5.5% from 3Q 2022).
• Net income: R$48.0m (up 62% from 3Q 2022).
• Profit margin: 7.4% (up from 4.3% in 3Q 2022). The increase in margin was driven by lower expenses.
• EPS: R$0.24 (up from R$0.14 in 3Q 2022).

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

Even Construtora e Incorporadora EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10.0%.

Looking ahead, revenue is forecast to stay flat during the next 3 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 down 1.4% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for Even Construtora e Incorporadora (1 doesn't sit too well with us!) that you need to be mindful of.

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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.