Stock Analysis
- South Korea
- /
- Metals and Mining
- /
- KOSE:A005490
POSCO Holdings Second Quarter 2024 Earnings: EPS Beats Expectations
POSCO Holdings (KRX:005490) Second Quarter 2024 Results
Key Financial Results
- Revenue: ₩19t (down 8.1% from 2Q 2023).
- Net income: ₩500.0b (down 28% from 2Q 2023).
- Profit margin: 2.7% (down from 3.4% in 2Q 2023). The decrease in margin was driven by lower revenue.
- EPS: ₩6,590 (down from ₩9,090 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
POSCO Holdings EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 36%.
Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Metals and Mining industry in South Korea.
Performance of the South Korean Metals and Mining industry.
The company's shares are down 3.8% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for POSCO Holdings that you should be aware of.
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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.
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About KOSE:A005490
POSCO Holdings
Operates as an integrated steel producer in Korea and internationally.
Excellent balance sheet with proven track record.