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Universal Scientific Industrial (Shanghai) Second Quarter 2024 Earnings: EPS Beats Expectations
Universal Scientific Industrial (Shanghai) (SHSE:601231) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥13.9b (flat on 2Q 2023).
- Net income: CN¥449.7m (down 8.2% from 2Q 2023).
- Profit margin: 3.2% (down from 3.5% in 2Q 2023).
- EPS: CN¥0.21 (down from CN¥0.22 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Universal Scientific Industrial (Shanghai) EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electronic industry in China.
Performance of the Chinese Electronic industry.
The company's shares are down 5.8% from a week ago.
Valuation
Our analysis of these results suggests Universal Scientific Industrial (Shanghai) may be undervalued based on 6 important criteria we look at. Discover what analysts are forecasting and how the current share price shapes up by clicking 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
About SHSE:601231
Universal Scientific Industrial (Shanghai)
An electronic design and manufacturing service company, engages in the design, miniaturization, material sourcing, manufacture, logistics, sale, and after servicing of electronic devices/modules worldwide.
Undervalued with excellent balance sheet and pays a dividend.
