CI&T Full Year 2023 Earnings: EPS Misses Expectations
CI&T (NYSE:CINT) Full Year 2023 Results
Key Financial Results
Revenue: R$2.23b (up 2.1% from FY 2022).
Net income: R$132.6m (up 5.3% from FY 2022).
Profit margin: 5.9% (in line with FY 2022).
EPS: R$0.97 (up from R$0.94 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
CI&T EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 21%.
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 11% 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.
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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.
