LOG Commercial Properties e Participações Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

LOG Commercial Properties e Participações (BVMF:LOGG3) Full Year 2023 Results

Key Financial Results

• Revenue: R$227.3m (down 1.2% from FY 2022).
• Net income: R$192.2m (down 50% from FY 2022).
• Profit margin: 85%.
• EPS: R$1.93 (down from R$3.84 in FY 2022).

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

LOG Commercial Properties e Participações EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 88%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Real Estate industry in Brazil.

Performance of the Brazilian Real Estate industry.

The company's shares are up 5.5% from a week ago.

Risk Analysis

Before you take the next step you should know about the 5 warning signs for LOG Commercial Properties e Participações (2 are significant!) that we have uncovered.

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