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- TSE:6723
Renesas Electronics Second Quarter 2024 Earnings: EPS Misses Expectations
Renesas Electronics (TSE:6723) Second Quarter 2024 Results
Key Financial Results
- Revenue: JP¥358.8b (down 2.7% from 2Q 2023).
- Net income: JP¥59.8b (down 34% from 2Q 2023).
- Profit margin: 17% (down from 25% in 2Q 2023). The decrease in margin was primarily driven by higher expenses.
- EPS: JP¥33.41 (down from JP¥51.38 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Renesas Electronics EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.9%.
Looking ahead, revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Japan.
Performance of the Japanese Semiconductor industry.
The company's shares are down 22% from a week ago.
Valuation
It's possible that Renesas Electronics could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. You can access our in-depth analysis and discover what the outlook is like for the stock 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.
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About TSE:6723
Renesas Electronics
Researches, develops, designs, manufactures, sells, and services semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally.
Flawless balance sheet and undervalued.
