Arrow Home Group Third Quarter 2024 Earnings: Misses Expectations

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Arrow Home Group (SZSE:001322) Third Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥1.74b (down 5.6% from 3Q 2023).
  • Net loss: CN¥6.01m (down by 105% from CN¥116.2m profit in 3Q 2023).
  • CN¥0.006 loss per share (down from CN¥0.12 profit in 3Q 2023).
earnings-and-revenue-growth
SZSE:001322 Earnings and Revenue Growth October 28th 2024

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

Arrow Home Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 9.2% 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 7.9% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Arrow Home Group that you need to be mindful of.

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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.

About SZSE:001322

Arrow Home Group

Engages in the research and development, production, sales, and service of home products worldwide.

Adequate balance sheet with moderate growth potential.

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