Stock Analysis

JoyoungLtd Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

Published November 01, 2024

JoyoungLtd (SZSE:002242) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥1.80b (down 27% from 3Q 2023).
Net loss: CN¥77.3m (down by 167% from CN¥116.4m profit in 3Q 2023).
CN¥0.10 loss per share (down from CN¥0.16 profit in 3Q 2023).

SZSE:002242 Earnings and Revenue Growth November 1st 2024

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

JoyoungLtd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 15%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 9.0% 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 4.6% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for JoyoungLtd 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.