Hiwin Technologies Third Quarter 2024 Earnings: EPS Beats Expectations

Hiwin Technologies (TWSE:2049) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$6.33b (down 3.5% from 3Q 2023).
• Net income: NT$664.5m (up 5.3% from 3Q 2023).
• Profit margin: 11% (in line with 3Q 2023).
• EPS: NT$1.88 (up from NT$1.78 in 3Q 2023).

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

Hiwin Technologies EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%.

Looking ahead, revenue is forecast to grow 11% 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 down 7.5% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Hiwin Technologies' balance sheet health.

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