Focus Media Information Technology First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Focus Media Information Technology (SZSE:002027) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥2.73b (up 6.0% from 1Q 2023).
• Net income: CN¥1.04b (up 11% from 1Q 2023).
• Profit margin: 38% (up from 37% in 1Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.072 (up from CN¥0.065 in 1Q 2023).

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

Focus Media Information Technology EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 19%. Earnings per share (EPS) exceeded analyst estimates by 2.9%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Media industry in China.

Performance of the Chinese Media industry.

The company's shares are down 5.8% from a week ago.

Valuation

If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates Focus Media Information Technology could be a good place to look. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.

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