Hyundai Rotem Third Quarter 2024 Earnings: EPS Beats Expectations

Hyundai Rotem (KRX:064350) Third Quarter 2024 Results

Key Financial Results

• Revenue: ₩1.09t (up 18% from 3Q 2023).
• Net income: ₩104.2b (up 153% from 3Q 2023).
• Profit margin: 9.5% (up from 4.4% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: ₩954 (up from ₩377 in 3Q 2023).

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

Hyundai Rotem EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in South Korea.

Performance of the South Korean Machinery industry.

The company's shares are up 7.9% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Hyundai Rotem's balance sheet health.

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