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Shihlin Electric & Engineering First Quarter 2024 Earnings: EPS Beats Expectations
Shihlin Electric & Engineering (TWSE:1503) First Quarter 2024 Results
Key Financial Results
- Revenue: NT$9.92b (up 11% from 1Q 2023).
- Net income: NT$1.18b (up 49% from 1Q 2023).
- Profit margin: 12% (up from 8.8% in 1Q 2023). The increase in margin was driven by higher revenue.
- EPS: NT$2.27 (up from NT$1.52 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Shihlin Electric & Engineering EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.7%.
Looking ahead, revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electrical industry in Taiwan.
Performance of the Taiwanese Electrical industry.
The company's shares are down 3.5% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Shihlin Electric & Engineering has 1 warning sign we think you should be aware of.
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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.
About TWSE:1503
Shihlin Electric & Engineering
Engages in the manufacture and sale of heavy electrical equipment, electrical machinery, electrical automotive equipment, and related parts in Taiwan, Mainland China, Vietnam, and internationally.
Flawless balance sheet with high growth potential.