Hulic Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

October 29, 2024

Hulic (TSE:3003) Third Quarter 2024 Results

Key Financial Results

Revenue: JP¥110.1b (up 16% from 3Q 2023).
Net income: JP¥10.5b (down 28% from 3Q 2023).
Profit margin: 9.5% (down from 15% in 3Q 2023). The decrease in margin was driven by higher expenses.
EPS: JP¥13.74 (down from JP¥19.16 in 3Q 2023).

earnings-and-revenue-growth — TSE:3003 Earnings and Revenue Growth October 29th 2024

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

Hulic Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 30%.

Looking ahead, revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Real Estate industry in Japan.

Performance of the Japanese Real Estate industry.

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

Risk Analysis

Be aware that Hulic is showing 2 warning signs in our investment analysis and 1 of those shouldn't be ignored...

Valuation is complex, but we're here to simplify it.

Discover if Hulic might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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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.