Stock Analysis
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- BOVESPA:MTRE3
Mitre Realty Empreendimentos e Participações First Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line
Mitre Realty Empreendimentos e Participações (BVMF:MTRE3) First Quarter 2024 Results
Key Financial Results
- Revenue: R$245.6m (up 29% from 1Q 2023).
- Net income: R$1.07m (down 94% from 1Q 2023).
- Profit margin: 0.4% (down from 9.9% in 1Q 2023).
- EPS: R$0.011 (down from R$0.18 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Mitre Realty Empreendimentos e Participações Revenues Beat Expectations
Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Real Estate industry in Brazil.
Performance of the Brazilian Real Estate industry.
The company's shares are down 6.2% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 5 warning signs with Mitre Realty Empreendimentos e Participações (at least 2 which can't be ignored), and understanding these should be part of your investment process.
Valuation is complex, but we're helping make it simple.
Find out whether Mitre Realty Empreendimentos e Participações is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About BOVESPA:MTRE3
Mitre Realty Empreendimentos e Participações
Together with its subsidiaries engages in the development, construction, and sale of residential and commercial real estate properties.
High growth potential and good value.