Estun Automation Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St

November 01, 2024

Estun Automation (SZSE:002747) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥1.20b (up 22% from 3Q 2023).
Net income: CN¥6.72m (down 84% from 3Q 2023).
Profit margin: 0.6% (down from 4.4% in 3Q 2023).
EPS: CN¥0.009 (down from CN¥0.049 in 3Q 2023).

earnings-and-revenue-growth — SZSE:002747 Earnings and Revenue Growth November 1st 2024

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

Estun Automation Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China.

Performance of the Chinese Machinery industry.

The company's shares are up 1.2% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Estun Automation 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.