COSCO SHIPPING Holdings Full Year 2024 Earnings: EPS Misses Expectations

COSCO SHIPPING Holdings (HKG:1919) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥233.9b (up 34% from FY 2023).
• Net income: CN¥49.1b (up 106% from FY 2023).
• Profit margin: 21% (up from 14% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥3.08 (up from CN¥1.48 in FY 2023).

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

COSCO SHIPPING Holdings EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.4%.

Looking ahead, revenue is expected to fall by 7.4% p.a. on average during the next 2 years compared to a 3.7% decline forecast for the Shipping industry in Hong Kong.

Performance of the Hong Kong Shipping industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for COSCO SHIPPING Holdings you should be aware of, and 1 of them is a bit unpleasant.

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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.