Ecovacs Robotics Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

October 30, 2024

Ecovacs Robotics (SHSE:603486) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥3.25b (down 4.1% from 3Q 2023).
Net income: CN¥6.04m (down 69% from 3Q 2023).
Profit margin: 0.2% (down from 0.6% in 3Q 2023). The decrease in margin was driven by lower revenue.
EPS: CN¥0.011 (down from CN¥0.035 in 3Q 2023).

earnings-and-revenue-growth — SHSE:603486 Earnings and Revenue Growth October 30th 2024

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

Ecovacs Robotics Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 98%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Consumer Durables industry in China.

Performance of the Chinese Consumer Durables industry.

The company's shares are down 1.7% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Ecovacs Robotics that you should be aware of.

Valuation is complex, but we're here to simplify it.

Discover if Ecovacs Robotics might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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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.