Melnick Desenvolvimento Imobiliário Third Quarter 2024 Earnings: Beats Expectations

Melnick Desenvolvimento Imobiliário (BVMF:MELK3) Third Quarter 2024 Results

Key Financial Results

• Revenue: R$245.6m (down 5.1% from 3Q 2023).
• Net income: R$35.6m (up 143% from 3Q 2023).
• Profit margin: 14% (up from 5.7% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: R$0.17 (up from R$0.072 in 3Q 2023).

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

Melnick Desenvolvimento Imobiliário Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 9.2%. Earnings per share (EPS) also surpassed analyst estimates by 21%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Real Estate industry in Brazil.

Performance of the Brazilian Real Estate industry.

The company's shares are up 5.1% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Melnick Desenvolvimento Imobiliário you should know about.

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