MonotaRO First Quarter 2024 Earnings: Beats Expectations

MonotaRO (TSE:3064) First Quarter 2024 Results

Key Financial Results

• Revenue: JP¥69.1b (up 12% from 1Q 2023).
• Net income: JP¥6.26b (up 10.0% from 1Q 2023).
• Profit margin: 9.0% (down from 9.2% in 1Q 2023). The decrease in margin was driven by higher expenses.
• EPS: JP¥12.59 (up from JP¥11.45 in 1Q 2023).

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

MonotaRO Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 1.6%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in Japan are expected to remain flat.

Performance of the Japanese Trade Distributors industry.

The company's shares are down 5.0% from a week ago.

Valuation

Our analysis of MonotaRO based on 6 different valuation metrics shows it might be overvalued. Discover what analysts are forecasting and how the current share price shapes up by clicking here.

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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.