EVE Energy (SZSE:300014) Third Quarter 2024 Results
Key Financial Results
- Revenue: CN¥12.4b (down 1.3% from 3Q 2023).
- Net income: CN¥1.05b (down 17% from 3Q 2023).
- Profit margin: 8.5% (down from 10% in 3Q 2023).
- EPS: CN¥0.52 (down from CN¥0.62 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
EVE Energy Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) also missed analyst estimates by 17%.
Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China.
Performance of the Chinese Electrical industry.
The company's shares are up 8.6% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 3 warning signs for EVE Energy (1 shouldn't be ignored!) that you should be aware of.
Valuation is complex, but we're here to simplify it.
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About SZSE:300014
High growth potential and good value.