Samsung Electronics Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

November 21, 2024

Samsung Electronics (KRX:005930) Third Quarter 2024 Results

Key Financial Results

Revenue: ₩79t (up 17% from 3Q 2023).
Net income: ₩9.78t (up 78% from 3Q 2023).
Profit margin: 12% (up from 8.2% in 3Q 2023). The increase in margin was driven by higher revenue.
EPS: ₩1,440 (up from ₩810 in 3Q 2023).

earnings-and-revenue-growth — KOSE:A005930 Earnings and Revenue Growth November 21st 2024

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

Samsung Electronics Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) also missed analyst estimates by 2.1%.

Looking ahead, revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Tech industry in Asia.

Performance of the market in South Korea.

The company's shares are up 9.3% 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 Samsung Electronics' balance sheet health.

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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.