Stock Analysis

Nexteer Automotive Group Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags

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Nexteer Automotive Group (HKG:1316) Full Year 2022 Results

Key Financial Results

  • Revenue: US$3.84b (up 14% from FY 2021).
  • Net income: US$58.0m (down 51% from FY 2021).
  • Profit margin: 1.5% (down from 3.5% in FY 2021). The decrease in margin was driven by higher expenses.
  • EPS: US$0.02 (down from US$0.047 in FY 2021).
SEHK:1316 Earnings and Revenue Growth March 16th 2023

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

Nexteer Automotive Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 32%.

Looking ahead, revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Auto Components industry in Hong Kong.

Performance of the Hong Kong Auto Components industry.

The company's shares are down 12% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Nexteer Automotive Group you should be aware of.

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