Enjoei Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Enjoei (BVMF:ENJU3) Second Quarter 2024 Results

Key Financial Results

• Revenue: R$67.5m (up 68% from 2Q 2023).
• Net loss: R$8.18m (loss widened by 68% from 2Q 2023).
• R$0.04 loss per share (further deteriorated from R$0.024 loss in 2Q 2023).

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

Enjoei Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) missed analyst estimates by 35%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Global Interactive Media and Services industry.

Performance of the market in Brazil.

The company's shares are up 2.3% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Enjoei (1 is significant!) that you should be aware of.

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