TECO Electric & Machinery Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

TECO Electric & Machinery (TWSE:1504) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$13.5b (down 11% from 3Q 2023).
• Net income: NT$1.77b (up 80% from 3Q 2023).
• Profit margin: 13% (up from 6.5% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: NT$0.84 (up from NT$0.47 in 3Q 2023).

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

TECO Electric & Machinery EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 10%. Earnings per share (EPS) exceeded analyst estimates by 16%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Electrical industry in Taiwan.

Performance of the Taiwanese Electrical industry.

The company's shares are up 2.8% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for TECO Electric & Machinery that you should be aware of before investing here.

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