EZTEC Empreendimentos e Participações Second Quarter 2024 Earnings: Beats Expectations

Simply Wall St

August 05, 2024

EZTEC Empreendimentos e Participações (BVMF:EZTC3) Second Quarter 2024 Results

Key Financial Results

Revenue: R$415.9m (up 71% from 2Q 2023).
Net income: R$88.7m (up 18% from 2Q 2023).
Profit margin: 21% (down from 31% in 2Q 2023). The decrease in margin was driven by higher expenses.
EPS: R$0.41 (up from R$0.35 in 2Q 2023).

earnings-and-revenue-growth — BOVESPA:EZTC3 Earnings and Revenue Growth August 5th 2024

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

EZTEC Empreendimentos e Participações Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 17%.

Looking ahead, revenue is forecast to grow 12% 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 up 3.5% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on EZTEC Empreendimentos e Participações' balance sheet health.

Valuation is complex, but we're here to simplify it.

Discover if EZTEC Empreendimentos e Participações might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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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.

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