Mega Financial Holding Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St

November 28, 2024

Mega Financial Holding (TWSE:2886) Third Quarter 2024 Results

Key Financial Results

Revenue: NT$19.7b (up 9.4% from 3Q 2023).
Net income: NT$8.92b (up 8.0% from 3Q 2023).
Profit margin: 45% (in line with 3Q 2023).
EPS: NT$0.60 (up from NT$0.57 in 3Q 2023).

earnings-and-revenue-growth — TWSE:2886 Earnings and Revenue Growth November 28th 2024

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

Mega Financial Holding Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 6.2%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 9.6% decline forecast for the Banks industry in Taiwan.

Performance of the Taiwanese Banks industry.

The company's shares are up 1.3% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Mega Financial Holding (1 shouldn't be ignored!) that we have uncovered.

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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.