Mitre Realty Empreendimentos e Participações Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Mitre Realty Empreendimentos e Participações (BVMF:MTRE3) Full Year 2024 Results

Key Financial Results

• Revenue: R$1.18b (up 27% from FY 2023).
• Net income: R$49.2m (down 46% from FY 2023).
• Profit margin: 4.2% (down from 9.8% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: R$0.47 (down from R$0.85 in FY 2023).

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

Mitre Realty Empreendimentos e Participações Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) missed analyst estimates by 36%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Real Estate industry in Brazil.

Performance of the Brazilian Real Estate industry.

The company's shares are down 3.5% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Mitre Realty Empreendimentos e Participações you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.