Eastroc Beverage(Group) Third Quarter 2024 Earnings: Beats Expectations

Eastroc Beverage(Group) (SHSE:605499) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥4.68b (up 47% from 3Q 2023).
• Net income: CN¥976.8m (up 78% from 3Q 2023).
• Profit margin: 21% (up from 17% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥1.88 (up from CN¥1.05 in 3Q 2023).

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

Eastroc Beverage(Group) Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 6.2%. Earnings per share (EPS) also surpassed analyst estimates by 20%.

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Beverage industry in China.

Performance of the Chinese Beverage industry.

The company's shares are down 2.8% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Eastroc Beverage(Group).

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