Stock Analysis
- China
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- SZSE:002555
37 Interactive Entertainment Network Technology Group Third Quarter 2024 Earnings: Misses Expectations
37 Interactive Entertainment Network Technology Group (SZSE:002555) Third Quarter 2024 Results
Key Financial Results
- Revenue: CN¥4.11b (down 4.1% from 3Q 2023).
- Net income: CN¥632.8m (down 35% from 3Q 2023).
- Profit margin: 15% (down from 23% in 3Q 2023). The decrease in margin was primarily driven by higher expenses.
- EPS: CN¥0.29 (down from CN¥0.44 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
37 Interactive Entertainment Network Technology Group Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 6.2%. Earnings per share (EPS) also missed analyst estimates by 11%.
Looking ahead, revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Entertainment industry in China.
Performance of the Chinese Entertainment industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for 37 Interactive Entertainment Network Technology Group that you should be aware of before investing here.
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About SZSE:002555
37 Interactive Entertainment Network Technology Group
37 Interactive Entertainment Network Technology Group Co., Ltd.