Drewloong Precision Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

November 11, 2024

Drewloong Precision (TWSE:4572) Third Quarter 2024 Results

Key Financial Results

Revenue: NT$223.4m (up 3.0% from 3Q 2023).
Net income: NT$60.1m (down 20% from 3Q 2023).
Profit margin: 27% (down from 35% in 3Q 2023). The decrease in margin was driven by higher expenses.
EPS: NT$1.54 (down from NT$1.92 in 3Q 2023).

earnings-and-revenue-growth — TWSE:4572 Earnings and Revenue Growth November 11th 2024

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

Drewloong Precision Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 18%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Aerospace & Defense industry in Taiwan.

Performance of the Taiwanese Aerospace & Defense industry.

The company's shares are up 1.3% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Drewloong Precision (including 1 which makes us a bit uncomfortable).

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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.