Stock Analysis

Hangzhou Hikvision Digital Technology Third Quarter 2024 Earnings: Misses Expectations

SZSE:002415
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Hangzhou Hikvision Digital Technology (SZSE:002415) Third Quarter 2024 Results

Key Financial Results

  • Revenue: CNÂ¥23.8b (flat on 3Q 2023).
  • Net income: CNÂ¥2.47b (down 20% from 3Q 2023).
  • Profit margin: 10% (down from 13% in 3Q 2023).
  • EPS: CNÂ¥0.36 (down from CNÂ¥0.40 in 3Q 2023).
earnings-and-revenue-growth
SZSE:002415 Earnings and Revenue Growth October 28th 2024

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

Hangzhou Hikvision Digital Technology Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 9.7%. Earnings per share (EPS) also missed analyst estimates by 27%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China.

Performance of the Chinese Electronic industry.

The company's shares are up 7.2% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Hangzhou Hikvision Digital Technology that you need to take into consideration.

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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.