Melexis (EBR:MELE) Third Quarter 2024 Results
Key Financial Results
- Revenue: €247.9m (flat on 3Q 2023).
- Net income: €51.2m (down 10.0% from 3Q 2023).
- Profit margin: 21% (down from 23% in 3Q 2023).
- EPS: €1.27 (down from €1.41 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Melexis Meets Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.
Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Europe.
Performance of the market in Belgium.
The company's shares are down 15% from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with Melexis.
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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.
About ENXTBR:MELE
Melexis
Designs, develops, tests, and markets advanced integrated semiconductor devices primarily for the automotive industry in Europe, the Middle-East, Africa, the Asia Pacific, and North and Latin America.
Excellent balance sheet and good value.
