In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Tecnisa has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Earnings and Revenue Growth Forecasts

BOVESPA:TCSA3 - Analysts future estimates and past financials data (BRL Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2025	204	-101	10	12	N/A
9/30/2025	278	-130	5	8	N/A
6/30/2025	283	-164	47	50	N/A
3/31/2025	430	-136	148	152	N/A
12/31/2024	471	-148	103	106	N/A
9/30/2024	479	-152	21	25	N/A
6/30/2024	478	-117	-55	-50	N/A
3/31/2024	385	-81	-142	-137	N/A
12/31/2023	437	-56	-170	-161	N/A
9/30/2023	388	17	-41	-27	N/A
6/30/2023	374	26	-33	-17	N/A
3/31/2023	330	12	-21	-6	N/A
12/31/2022	237	1	-22	-11	N/A
9/30/2022	183	-74	-102	-96	N/A
6/30/2022	136	-120	-35	-26	N/A
3/31/2022	161	-165	-170	-160	N/A
12/31/2021	146	-185	-177	-167	N/A
9/30/2021	161	-156	-230	-219	N/A
6/30/2021	194	-147	-353	-344	N/A
3/31/2021	163	-133	-208	-201	N/A
12/31/2020	181	-165	-260	-253	N/A
9/30/2020	261	-194	-152	-148	N/A
6/30/2020	277	-210	-51	-49	N/A
3/31/2020	290	-314	-33	-35	N/A
12/31/2019	358	-258	112	114	N/A
9/30/2019	323	-262	N/A	84	N/A
6/30/2019	272	-284	N/A	108	N/A
3/31/2019	316	-225	N/A	131	N/A
12/31/2018	285	-277	N/A	96	N/A
9/30/2018	267	-388	N/A	134	N/A
6/30/2018	255	-457	N/A	103	N/A
3/31/2018	289	-511	N/A	179	N/A
12/31/2017	308	-521	N/A	146	N/A
9/30/2017	303	-597	N/A	252	N/A
6/30/2017	296	-563	N/A	221	N/A
3/31/2017	271	-515	N/A	122	N/A
12/31/2016	341	-449	N/A	44	N/A
9/30/2016	375	-29	N/A	-84	N/A
6/30/2016	747	87	N/A	13	N/A
3/31/2016	1,015	210	N/A	101	N/A
12/31/2015	1,240	238	N/A	269	N/A
9/30/2015	1,439	77	N/A	397	N/A
6/30/2015	1,447	101	N/A	298	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if TCSA3's forecast earnings growth is above the savings rate (12.1%).

Earnings vs Market: Insufficient data to determine if TCSA3's earnings are forecast to grow faster than the BR market

High Growth Earnings: Insufficient data to determine if TCSA3's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if TCSA3's revenue is forecast to grow faster than the BR market.

High Growth Revenue: Insufficient data to determine if TCSA3's revenue is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if TCSA3's Return on Equity is forecast to be high in 3 years time

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/04/10 17:32
End of Day Share Price	2026/04/09 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Tecnisa S.A. is covered by 6 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Guilherme Castro	Barclays
Daniel Gasparete	BofA Global Research
Gustavo Cambauva	BTG Pactual

Tecnisa Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Consensus EPS estimates fall from profit to R$1.87 loss, revenue upgraded

Price target increased by 16% to R$4.37

Consensus revenue estimates fall by 11%

Price target increased by 16% to R$3.78

Consensus revenue estimates increase by 13%

Price target decreased by 9.7% to R$3.25

Recent updates

Full year 2025 earnings released: R$1.36 loss per share (vs R$2.02 loss in FY 2024)

Tecnisa S.A., Annual General Meeting, Apr 28, 2026

Tecnisa S.A. to Report Q4, 2025 Results on Mar 19, 2026

New major risk - Share price stability

New minor risk - Share price stability

Tecnisa S.A.'s (BVMF:TCSA3) Share Price Not Quite Adding Up

Third quarter 2025 earnings released: R$0.13 loss per share (vs R$0.58 loss in 3Q 2024)

Is Tecnisa (BVMF:TCSA3) Using Debt Sensibly?

Second quarter 2025 earnings released: R$0.81 loss per share (vs R$0.42 loss in 2Q 2024)

Tecnisa S.A.'s (BVMF:TCSA3) 43% Share Price Surge Not Quite Adding Up

New major risk - Share price stability

First quarter 2025 earnings released: R$0.11 loss per share (vs R$0.28 loss in 1Q 2024)

Insufficient new directors

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Tecnisa S.A., Annual General Meeting, Apr 30, 2025

Consensus EPS estimates fall from profit to R$1.87 loss, revenue upgraded

Tecnisa S.A.'s (BVMF:TCSA3) 28% Price Boost Is Out Of Tune With Revenues

Is Tecnisa (BVMF:TCSA3) Using Debt In A Risky Way?

New minor risk - Share price stability

Tecnisa S.A. to Report Q4, 2024 Results on Mar 20, 2025

Third quarter 2024 earnings released: R$0.58 loss per share (vs R$0.11 loss in 3Q 2023)

Tecnisa S.A. to Report Q3, 2024 Results on Nov 12, 2024

Revenues Not Telling The Story For Tecnisa S.A. (BVMF:TCSA3)

Second quarter 2024 earnings released

Tecnisa S.A. to Report Q2, 2024 Results on Aug 08, 2024

First quarter 2024 earnings released: R$0.28 loss per share (vs R$0.056 profit in 1Q 2023)

Tecnisa S.A. to Report Q1, 2024 Results on May 09, 2024

Full year 2023 earnings: EPS and revenues miss analyst expectations

Tecnisa S.A., Annual General Meeting, Apr 30, 2024

Price target increased by 16% to R$4.37

Tecnisa S.A. to Report Q4, 2023 Results on Mar 21, 2024

These Analysts Just Made A Huge Downgrade To Their Tecnisa S.A. (BVMF:TCSA3) EPS Forecasts

Consensus revenue estimates fall by 11%

The Return Trends At Tecnisa (BVMF:TCSA3) Look Promising

Price target increased by 16% to R$3.78

Tecnisa S.A. (BVMF:TCSA3) Stock Rockets 31% But Many Are Still Ignoring The Company

Investor sentiment improves as stock rises 22%

Tecnisa's (BVMF:TCSA3) Earnings May Just Be The Starting Point

New major risk - Revenue size

Why Tecnisa S.A. (BVMF:TCSA3) Could Be Worth Watching

Investor sentiment improves as stock rises 15%

Is Tecnisa (BVMF:TCSA3) Using Too Much Debt?

Investor sentiment deteriorates as stock falls 16%

Consensus revenue estimates increase by 13%

Analysts Are Betting On Tecnisa S.A. (BVMF:TCSA3) With A Big Upgrade This Week

Second quarter 2023 earnings released

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target decreased by 9.7% to R$3.25

Tecnisa S.A. to Report Q3, 2023 Results on Nov 10, 2023

Analysts Are More Bearish On Tecnisa S.A. (BVMF:TCSA3) Than They Used To Be

Consensus revenue estimates fall by 13%

Health Check: How Prudently Does Tecnisa (BVMF:TCSA3) Use Debt?

Full year 2022 earnings released: EPS: R$0.031 (vs R$2.51 loss in FY 2021)

Price target increased by 14% to R$4.77

Tecnisa S.A., Annual General Meeting, Apr 27, 2023

Tecnisa S.A. to Report Fiscal Year 2022 Results on Mar 24, 2023

Third quarter 2022 earnings: Revenues exceed analyst expectations

Price target increased to R$4.65

Price target increased to R$4.65

Consensus forecasts updated

Tecnisa (BVMF:TCSA3) Has Debt But No Earnings; Should You Worry?

Second quarter 2022 earnings: Revenues miss analyst expectations

Consensus forecasts updated

First quarter 2022 earnings: Revenues miss analyst expectations

High number of new and inexperienced directors

Tecnisa S.A. to Report Q3, 2022 Results on Nov 10, 2022

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target decreased to R$8.18

Price target decreased to R$9.20