Cielo First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Cielo (BVMF:CIEL3) First Quarter 2024 Results

Key Financial Results

• Revenue: R$2.56b (flat on 1Q 2023).
• Net income: R$503.3m (up 14% from 1Q 2023).
• Profit margin: 20% (up from 17% in 1Q 2023).
• EPS: R$0.19 (up from R$0.16 in 1Q 2023).

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

Cielo EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 4.7%.

Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Global Diversified Financial industry.

Performance of the market in Brazil.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Cielo (1 shouldn't be ignored!) that we have uncovered.

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