Syn Prop & Tech Third Quarter 2024 Earnings: EPS: R$0.15 (vs R$0.023 in 3Q 2023)

Simply Wall St

November 17, 2024

Syn Prop & Tech (BVMF:SYNE3) Third Quarter 2024 Results

Key Financial Results

Revenue: R$86.0m (down 17% from 3Q 2023).
Net income: R$22.6m (up by R$19.0m from 3Q 2023).
Profit margin: 26% (up from 3.4% in 3Q 2023). The increase in margin was driven by lower expenses.
EPS: R$0.15 (up from R$0.023 in 3Q 2023).

earnings-and-revenue-growth — BOVESPA:SYNE3 Earnings and Revenue Growth November 17th 2024

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

Syn Prop & Tech Earnings Insights

Looking ahead, revenue is expected to decline by 59% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Brazil are expected to grow by 7.3%.

Performance of the Brazilian Real Estate industry.

The company's shares are down 2.0% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Syn Prop & Tech has 3 warning signs we think you should be aware of.

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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.