Zhuzhou CRRC Times Electric Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Zhuzhou CRRC Times Electric (HKG:3898) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥6.36b (up 16% from 2Q 2023).
- Net income: CN¥939.3m (up 31% from 2Q 2023).
- Profit margin: 15% (up from 13% in 2Q 2023). The increase in margin was driven by higher revenue.
- EPS: CN¥0.67 (up from CN¥0.50 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Zhuzhou CRRC Times Electric EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 8.7%. Earnings per share (EPS) exceeded analyst estimates by 13%.
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in Hong Kong.
Performance of the Hong Kong Machinery industry.
The company's shares are up 4.7% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Zhuzhou CRRC Times Electric's balance sheet.
Valuation is complex, but we're here to simplify it.
Discover if Zhuzhou CRRC Times Electric might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About SEHK:3898
Zhuzhou CRRC Times Electric
Engages in the manufacture and sale of propulsion and control systems to rolling stock industry in Mainland China and internationally.
Solid track record with excellent balance sheet.