Zbom Home CollectionLtd Third Quarter 2024 Earnings: Misses Expectations

Zbom Home CollectionLtd (SHSE:603801) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.46b (down 23% from 3Q 2023).
• Net income: CN¥117.4m (down 44% from 3Q 2023).
• Profit margin: 8.0% (down from 11% in 3Q 2023).
• EPS: CN¥0.27 (down from CN¥0.47 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Zbom Home CollectionLtd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 31%.

Looking ahead, revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Building industry in China.

Performance of the Chinese Building industry.

The company's shares are up 14% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Zbom Home CollectionLtd (1 can't be ignored!) that you should be aware of before investing here.

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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.