Top Glove Corporation Bhd Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St

October 15, 2024

Top Glove Corporation Bhd (KLSE:TOPGLOV) Full Year 2024 Results

Key Financial Results

Revenue: RM2.52b (up 12% from FY 2023).
Net loss: RM15.2m (loss narrowed by 98% from FY 2023).
RM0.008 loss per share (improved from RM0.12 loss in FY 2023).

earnings-and-revenue-history — KLSE:TOPGLOV Earnings and Revenue History October 15th 2024

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

Top Glove Corporation Bhd EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) exceeded analyst estimates by 54%.

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Medical Equipment industry in Asia.

Performance of the market in Malaysia.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Top Glove Corporation Bhd 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.