iSoftStone Information Technology (Group) Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

iSoftStone Information Technology (Group) (SZSE:301236) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥9.68b (up 128% from 3Q 2023).
• Net income: CN¥230.3m (up 54% from 3Q 2023).
• Profit margin: 2.4% (down from 3.5% in 3Q 2023).
• EPS: CN¥0.25 (up from CN¥0.16 in 3Q 2023).

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

iSoftStone Information Technology (Group) Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 48%. Earnings per share (EPS) missed analyst estimates by 67%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 16% growth forecast for the IT industry in China.

Performance of the Chinese IT industry.

The company's shares are down 11% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for iSoftStone Information Technology (Group) (1 is significant!) that you should be aware of before investing here.

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