Syn Prop & Tech Second Quarter 2024 Earnings: EPS: R$3.00 (vs R$0.027 loss in 2Q 2023)

Simply Wall St · 08/31 11:31

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

Key Financial Results

  • Revenue: R$1.08b (up by R$977.2m from 2Q 2023).
  • Net income: R$457.1m (up from R$4.13m loss in 2Q 2023).
  • Profit margin: 42% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue.
  • EPS: R$3.00 (up from R$0.027 loss in 2Q 2023).
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BOVESPA:SYNE3 Earnings and Revenue Growth August 31st 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 61% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Brazil are expected to grow by 8.3%.

Performance of the Brazilian Real Estate industry.

The company's shares are down 3.6% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for Syn Prop & Tech (2 can't be ignored!) that you should be aware of before investing here.