ASICS Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St

November 10, 2024

ASICS (TSE:7936) Third Quarter 2024 Results

Key Financial Results

Revenue: JP¥183.3b (up 16% from 3Q 2023).
Net income: JP¥22.7b (up 47% from 3Q 2023).
Profit margin: 12% (up from 9.8% in 3Q 2023). The increase in margin was driven by higher revenue.
EPS: JP¥31.54 (up from JP¥21.13 in 3Q 2023).

earnings-and-revenue-growth — TSE:7936 Earnings and Revenue Growth November 10th 2024

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

ASICS EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 53%.

Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Luxury industry in Japan.

Performance of the Japanese Luxury industry.

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

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with ASICS, and understanding this should be part of your investment process.

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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.