Shimano Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Shimano (TSE:7309) Third Quarter 2024 Results

Key Financial Results

• Revenue: JP¥118.0b (up 5.3% from 3Q 2023).
• Net loss: JP¥2.36b (down by 124% from JP¥9.79b profit in 3Q 2023).
• JP¥26.43 loss per share (down from JP¥108 profit in 3Q 2023).

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

Shimano Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Leisure industry in Japan.

Performance of the Japanese Leisure industry.

The company's shares are down 5.4% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Shimano.

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