TT Electronics First Half 2024 Earnings: Revenues Beat Expectations, EPS Lags

TT Electronics (LON:TTG) First Half 2024 Results

Key Financial Results

• Revenue: UK£274.4m (down 11% from 1H 2023).
• Net income: UK£6.00m (down 50% from 1H 2023).
• Profit margin: 2.2% (down from 3.8% in 1H 2023). The decrease in margin was driven by lower revenue.
• EPS: UK£0.034 (down from UK£0.068 in 1H 2023).

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

TT Electronics Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 48%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 5.6% growth forecast for the Electronic industry in the United Kingdom.

Performance of the British Electronic industry.

The company's shares are up 2.5% from a week ago.

Valuation

TT Electronics' financial results now indicate the company's shares could present an opportunity based on 6 important indicators. Discover what analysts are forecasting and how the current share price shapes up by clicking here.

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