Wondershare Technology Group Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

October 25, 2024

Wondershare Technology Group (SZSE:300624) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥347.7m (down 7.9% from 3Q 2023).
Net loss: CN¥30.0m (down by 242% from CN¥21.2m profit in 3Q 2023).
CN¥0.17 loss per share (down from CN¥0.11 profit in 3Q 2023).

earnings-and-revenue-history — SZSE:300624 Earnings and Revenue History October 25th 2024

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

Wondershare Technology Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 15%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 17% 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 1.4% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Wondershare Technology Group that you should be aware of.

Valuation is complex, but we're here to simplify it.

Discover if Wondershare Technology Group might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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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.