Stock Analysis
CI&T (NYSE:CINT) Second Quarter 2024 Results
Key Financial Results
- Revenue: R$565.7m (down 1.1% from 2Q 2023).
- Net income: R$48.5m (up 25% from 2Q 2023).
- Profit margin: 8.6% (up from 6.8% in 2Q 2023). The increase in margin was driven by lower expenses.
- EPS: R$0.35 (up from R$0.29 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
CI&T Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 58%.
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the IT industry in the US.
Performance of the American IT industry.
The company's shares are up 8.5% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on CI&T's balance sheet.
New: AI Stock Screener & Alerts
Our new AI Stock Screener scans the market every day to uncover opportunities.
• Dividend Powerhouses (3%+ Yield)
• Undervalued Small Caps with Insider Buying
• High growth Tech and AI Companies
Or build your own from over 50 metrics.
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.
About NYSE:CINT
CI&T
Provides strategy, design, and software engineering services to enable digital transformation for enterprises and companies worldwide.