Tenda (TEND3) maintains solid guidance for 2022, analyzes XP Investimentos

Charlie Taylor

Tenda (TEND3) net income for the 3rd quarter increased; BB Investimentos recommends purchaseXP Investimentos analyzed the tent asset (TEND3) in its portfolio and decided to reiterate the purchase recommendation with a target price of R $ 37.2 per share, according to the report.
This is because the company announced on February 4 that it expects a strong performance of net sales between R $ 2.8 billion and R $ 3.0 billion, growth between 9.7% and 17.5% in relation to the figures for 2020.
"These figures are in line with our estimates (R $ 2.8 billion for 2022) and the annualized sales performance of the last two quarters (third and fourth quarters of 2020)", highlighted XP.
Tenda (TEND3) net income for the 3rd quarter increased; BB Investimentos recommends purchase


According to the manager's report, written by analysts Renan Manda and Lucas Hoon, despite the recent increase in construction materials inflation, Tenda expects to maintain its adjusted gross margin between 30% and 32%. “Also in line with our estimates (adjusted gross margin of 31.7% for 2022), they list.Alter 2
They say they see the guidance in line with the latest speeches by company executives and broadly in line with XP estimates for 2022, suggesting a solid year ahead.


BTG also maintained the purchase recommendation, with a target price of R $ 40.00, pointing out that Tenda tends to be conservative in the guidance, “always surpassing it”.
Around 2:25 pm last Friday (5), Tenda's shares rose 1.03%, to R $ 29.55, with an accumulated increase of 1.2% in the month and 20.9% decrease in the year.

The company

Construtora Tenda S.A. or Tenda, until 1994 Tenda Engenharia S.A, is a Brazilian construction company founded in 1969 in Minas Gerais with headquarters in São Paulo. The company is listed on the São Paulo Stock Exchange, where it raised R $ 603 million in an initial public offering in 2007.Alter 2
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The post Tenda (TEND3) maintains solid guidance for 2022, analyzes XP Investimentos first appeared in 1 Billion Financial Education.

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