CI&T: CI&T Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

CI&T ( NYSE:CINT ) Third Quarter 2024 Results Key Financial Results Revenue: R$622.2m (up 18% from 3Q 2023). Net income: R$28.6m (down 21% from 3Q 2023). Profit margin: 4.6% (down from 6.8% in 3Q 2023). The decrease in margin was driven by higher expenses. EPS: R$0.21 (down from R$0.27 in 3Q 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period CI&T Revenues Beat Expectations, EPS Falls Short Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) missed analyst estimates by 28%. Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the IT industry in the US. Performance of the American IT industry. The company's shares are down 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. 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.