Stock Analysis
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- KLSE:TOPGLOV
Top Glove Corporation Bhd Third Quarter 2024 Earnings: Beats Expectations
Top Glove Corporation Bhd (KLSE:TOPGLOV) Third Quarter 2024 Results
Key Financial Results
- Revenue: RM636.9m (up 20% from 3Q 2023).
- Net income: RM62.4m (up from RM130.6m loss in 3Q 2023).
- Profit margin: 9.8% (up from net loss in 3Q 2023).
- EPS: RM0.006 (up from RM0.016 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Top Glove Corporation Bhd Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates.
Looking ahead, revenue is forecast to grow 35% 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
We should say that we've discovered 1 warning sign for Top Glove Corporation Bhd that you should be aware of before investing here.
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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.
Valuation is complex, but we're helping make it simple.
Find out whether Top Glove Corporation Bhd is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
About KLSE:TOPGLOV
Top Glove Corporation Bhd
An investment holding company, manufactures, trades in, and sells gloves in Malaysia, Thailand, the People’s Republic of China, and internationally.
High growth potential with excellent balance sheet.