Iguatemi First Quarter 2024 Earnings: EPS: R$0.066 (vs R$0.039 in 1Q 2023)

Iguatemi (BVMF:IGTI3) First Quarter 2024 Results

Key Financial Results

• Revenue: R$280.0m (up 7.5% from 1Q 2023).
• Net income: R$81.1m (up 70% from 1Q 2023).
• Profit margin: 29% (up from 18% in 1Q 2023). The increase in margin was primarily driven by higher revenue.
• EPS: R$0.066 (up from R$0.039 in 1Q 2023).

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

Iguatemi Earnings Insights

Looking ahead, revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Real Estate industry in Brazil.

Performance of the Brazilian Real Estate industry.

The company's shares are up 2.1% from a week ago.

Risk Analysis

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

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