Stock Analysis
Hiwin Technologies First Quarter 2024 Earnings: EPS Misses Expectations
Hiwin Technologies (TWSE:2049) First Quarter 2024 Results
Key Financial Results
- Revenue: NT$5.51b (down 4.0% from 1Q 2023).
- Net income: NT$395.3m (down 11% from 1Q 2023).
- Profit margin: 7.2% (down from 7.8% in 1Q 2023). The decrease in margin was driven by lower revenue.
- EPS: NT$1.12 (down from NT$1.26 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Hiwin Technologies EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 10%.
Looking ahead, revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Machinery industry in Taiwan.
Performance of the Taiwanese Machinery industry.
The company's shares are up 3.3% from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for Hiwin Technologies that you should be aware of before investing here.
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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:2049
Hiwin Technologies
Manufactures and sells motion control and systematic technology products.
Flawless balance sheet with moderate growth potential.