Stock Analysis

Focus Media Information Technology Third Quarter 2024 Earnings: Revenues Disappoint

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

Key Financial Results

  • Revenue: CN¥3.29b (up 4.3% from 3Q 2023).
  • Net income: CN¥1.47b (up 7.6% from 3Q 2023).
  • Profit margin: 45% (up from 43% in 3Q 2023). The increase in margin was driven by higher revenue.
  • EPS: CN¥0.10 (up from CN¥0.095 in 3Q 2023).
earnings-and-revenue-growth
SZSE:002027 Earnings and Revenue Growth October 29th 2024

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

Focus Media Information Technology Revenues Disappoint

Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Media industry in China.

Performance of the Chinese Media industry.

The company's shares are up 1.1% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Focus Media Information Technology that you need to be mindful of.

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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.