Korea Aerospace Industries Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Korea Aerospace Industries (KRX:047810) Third Quarter 2024 Results

Key Financial Results

• Revenue: ₩907.2b (down 9.9% from 3Q 2023).
• Net income: ₩68.3b (up 28% from 3Q 2023).
• Profit margin: 7.5% (up from 5.3% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: ₩701 (up from ₩546 in 3Q 2023).

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

Korea Aerospace Industries EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) exceeded analyst estimates by 20%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Aerospace & Defense industry in South Korea.

Performance of the South Korean Aerospace & Defense industry.

The company's shares are down 1.4% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Korea Aerospace Industries that you need to take into consideration.

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