Glodon Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

November 01, 2024

Glodon (SZSE:002410) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥1.45b (down 15% from 3Q 2023).
Net income: CN¥21.4m (up 60% from 3Q 2023).
Profit margin: 1.5% (up from 0.8% in 3Q 2023).
EPS: CN¥0.013 (up from CN¥0.008 in 3Q 2023).

earnings-and-revenue-growth — SZSE:002410 Earnings and Revenue Growth November 1st 2024

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

Glodon Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 84%.

Looking ahead, revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Software industry in China.

Performance of the Chinese Software industry.

The company's shares are down 2.4% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Glodon that you should be aware 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.