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.

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