LG Energy Solution Third Quarter 2024 Earnings: EPS Beats Expectations

LG Energy Solution (KRX:373220) Third Quarter 2024 Results

Key Financial Results

• Revenue: ₩6.88t (down 16% from 3Q 2023).
• Net income: ₩133.2b (down 59% from 3Q 2023).
• Profit margin: 1.9% (down from 4.0% in 3Q 2023).
• EPS: ₩569 (down from ₩1,401 in 3Q 2023).

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

LG Energy Solution EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 47%.

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 Electrical industry in South Korea.

Performance of the South Korean Electrical industry.

The company's shares are down 2.8% 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. We have a graphic representation of LG Energy Solution's balance sheet and an in-depth analysis of the company's financial position.

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