Foshan Haitian Flavouring and Food Third Quarter 2024 Earnings: EPS Misses Expectations

Foshan Haitian Flavouring and Food (SHSE:603288) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥6.24b (up 9.8% from 3Q 2023).
• Net income: CN¥1.36b (up 11% from 3Q 2023).
• Profit margin: 22% (in line with 3Q 2023).
• EPS: CN¥0.25 (up from CN¥0.22 in 3Q 2023).

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

Foshan Haitian Flavouring and Food EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.9%.

Looking ahead, revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Food industry in China.

Performance of the Chinese Food industry.

The company's shares are up 3.5% from a week ago.

Valuation

Following the latest earnings results, Foshan Haitian Flavouring and Food may be overvalued based on 6 different valuation benchmarks we assess. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.

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