Yamaha Motor Third Quarter 2024 Earnings: Misses Expectations

Yamaha Motor (TSE:7272) Third Quarter 2024 Results

Key Financial Results

• Revenue: JP¥628.4b (up 3.2% from 3Q 2023).
• Net income: JP¥23.0b (down 48% from 3Q 2023).
• Profit margin: 3.7% (down from 7.2% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: JP¥23.50 (down from JP¥44.24 in 3Q 2023).

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

Yamaha Motor Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 37%.

Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Auto industry in Japan.

Performance of the Japanese Auto industry.

The company's shares are up 5.7% from a week ago.

Risk Analysis

Be aware that Yamaha Motor is showing 2 warning signs in our investment analysis that you should know about...

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