Far Eastern New Century Third Quarter 2024 Earnings: EPS Misses Expectations

Far Eastern New Century (TWSE:1402) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$67.3b (up 2.9% from 3Q 2023).
• Net income: NT$1.99b (flat on 3Q 2023).
• Profit margin: 3.0% (in line with 3Q 2023).
• EPS: NT$0.40 (in line with 3Q 2023).

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

Far Eastern New Century EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 33%.

Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Industrials industry in Asia.

Performance of the market in Taiwan.

The company's shares are down 4.0% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Far Eastern New Century has 1 warning sign we think you should be aware of.

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