Thunder Software TechnologyLtd Third Quarter 2024 Earnings: Misses Expectations

Thunder Software TechnologyLtd (SZSE:300496) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.29b (down 7.0% from 3Q 2023).
• Net income: CN¥47.6m (down 78% from 3Q 2023).
• Profit margin: 3.7% (down from 16% in 3Q 2023).
• EPS: CN¥0.10 (down from CN¥0.48 in 3Q 2023).

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

Thunder Software TechnologyLtd Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 63%.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China.

Performance of the Chinese Software industry.

The company's shares are down 7.3% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Thunder Software TechnologyLtd (including 1 which is potentially serious).

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.