LIG Nex1 Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

LIG Nex1 (KRX:079550) Third Quarter 2024 Results

Key Financial Results

• Revenue: ₩740.3b (up 38% from 3Q 2023).
• Net income: ₩43.0b (up 27% from 3Q 2023).
• Profit margin: 5.8% (down from 6.3% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: ₩1,972 (up from ₩1,554 in 3Q 2023).

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

LIG Nex1 EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 5.1%.

Looking ahead, revenue is forecast to grow 15% 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 4.0% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on LIG Nex1's balance sheet.

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