Tecnisa First Quarter 2024 Earnings: R$0.28 loss per share (vs R$0.056 profit in 1Q 2023)

Tecnisa (BVMF:TCSA3) First Quarter 2024 Results

Key Financial Results

• Revenue: R$87.4m (down 38% from 1Q 2023).
• Net loss: R$20.7m (down from R$4.15m profit in 1Q 2023).
• R$0.28 loss per share (down from R$0.056 profit in 1Q 2023).

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

Tecnisa Earnings Insights

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 2 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 1.6% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Tecnisa has 2 warning signs (and 1 which doesn't sit too well with us) we think you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.