Global PMX Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Global PMX (TWSE:4551) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$2.22b (up 23% from 3Q 2023).
• Net income: NT$202.3m (up 16% from 3Q 2023).
• Profit margin: 9.1% (in line with 3Q 2023).
• EPS: NT$1.76 (up from NT$1.52 in 3Q 2023).

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

Global PMX Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 3.3%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Auto Components industry in Taiwan.

Performance of the Taiwanese Auto Components industry.

The company's shares are down 1.9% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Global PMX you should be aware of.

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