Cheng Shin Rubber Ind Third Quarter 2024 Earnings: Beats Expectations

Cheng Shin Rubber Ind (TWSE:2105) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$25.5b (flat on 3Q 2023).
• Net income: NT$2.33b (up 18% from 3Q 2023).
• Profit margin: 9.1% (up from 7.8% in 3Q 2023).
• EPS: NT$0.72 (up from NT$0.61 in 3Q 2023).

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

Cheng Shin Rubber Ind Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 2.4%.

Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Auto Components industry in Taiwan.

Performance of the Taiwanese Auto Components industry.

The company's shares are down 2.5% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Cheng Shin Rubber Ind that you should be aware of.

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