Stock Analysis

SG Micro Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

Published October 27, 2024

SG Micro (SZSE:300661) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥868.4m (up 19% from 3Q 2023).
Net income: CN¥106.3m (up 103% from 3Q 2023).
Profit margin: 12% (up from 7.2% in 3Q 2023). The increase in margin was driven by higher revenue.
EPS: CN¥0.23 (up from CN¥0.11 in 3Q 2023).

SZSE:300661 Earnings and Revenue Growth October 27th 2024

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

SG Micro Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 36%.

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in China.

Performance of the Chinese Semiconductor 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 SG Micro that you should be aware of before investing here.

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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.