Renesas Electronics Third Quarter 2024 Earnings: EPS Beats Expectations

Renesas Electronics (TSE:6723) Third Quarter 2024 Results

Key Financial Results

• Revenue: JP¥345.3b (down 9.0% from 3Q 2023).
• Net income: JP¥60.6b (down 20% from 3Q 2023).
• Profit margin: 18% (down from 20% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: JP¥33.84 (down from JP¥42.59 in 3Q 2023).

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

Renesas Electronics EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 18%.

Looking ahead, revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Semiconductor industry in Japan.

Performance of the Japanese Semiconductor industry.

The company's shares are down 1.2% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Renesas Electronics that you should be aware of.

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.