Shimano First Quarter 2024 Earnings: Beats Expectations

Shimano (TSE:7309) First Quarter 2024 Results

Key Financial Results

• Revenue: JP¥100.6b (down 20% from 1Q 2023).
• Net income: JP¥23.7b (up 17% from 1Q 2023).
• Profit margin: 24% (up from 16% in 1Q 2023). The increase in margin was driven by lower expenses.
• EPS: JP¥264 (up from JP¥223 in 1Q 2023).

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

Shimano Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates by 143%.

Looking ahead, revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Leisure industry in Japan.

Performance of the Japanese Leisure industry.

The company's shares are up 5.9% from a week ago.

Valuation

Shimano's financial results now indicate the company's shares could be facing some headwinds based on 6 important indicators. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.