- Hong Kong
- Auto Components
Nexteer Automotive Group Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags
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).
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.
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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Nexteer Automotive Group
Nexteer Automotive Group Limited operates as a motion control technology company accelerating green mobility.
Flawless balance sheet with moderate growth potential.