Paradise (KRX:034230) Third Quarter 2024 Results
Key Financial Results
- Revenue: ₩268.2b (down 6.1% from 3Q 2023).
- Net income: ₩9.82b (down 72% from 3Q 2023).
- Profit margin: 3.7% (down from 12% in 3Q 2023). The decrease in margin was primarily driven by lower revenue.
- EPS: ₩114 (down from ₩409 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Paradise Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 41%.
Looking ahead, revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Hospitality industry in South Korea.
Performance of the South Korean Hospitality industry.
The company's shares are up 5.5% from a week ago.
Risk Analysis
Before you take the next step you should know about the 1 warning sign for Paradise that we have uncovered.
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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.
About KOSE:A034230
Paradise
Engages in casino business in South Korea, the United States, and Japan.
Fair value with mediocre balance sheet.
