Chia Chang Third Quarter 2024 Earnings: EPS Misses Expectations

Chia Chang (TWSE:4942) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$1.42b (down 13% from 3Q 2023).
• Net income: NT$61.8m (down 69% from 3Q 2023).
• Profit margin: 4.4% (down from 12% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: NT$0.43 (down from NT$1.39 in 3Q 2023).

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

Chia Chang EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 43%.

Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Machinery industry in Taiwan.

Performance of the Taiwanese Machinery industry.

The company's shares are down 4.6% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Chia Chang 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.