Sunny Friend Environmental Technology Third Quarter 2024 Earnings: EPS Beats Expectations

Sunny Friend Environmental Technology (TWSE:8341) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$988.6m (up 25% from 3Q 2023).
• Net income: NT$157.5m (up 23% from 3Q 2023).
• Profit margin: 16% (in line with 3Q 2023).
• EPS: NT$1.21 (up from NT$1.00 in 3Q 2023).

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

Sunny Friend Environmental Technology EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.5%.

Looking ahead, revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Commercial Services industry in Asia.

Performance of the market in Taiwan.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Sunny Friend Environmental Technology that you need to take into consideration.

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