Quang Viet Enterprise Third Quarter 2024 Earnings: Misses Expectations

Quang Viet Enterprise (TWSE:4438) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$6.58b (up 1.1% from 3Q 2023).
• Net income: NT$390.6m (down 40% from 3Q 2023).
• Profit margin: 5.9% (down from 10.0% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: NT$3.78 (down from NT$6.29 in 3Q 2023).

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

Quang Viet Enterprise Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 34%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Luxury industry in Taiwan.

Performance of the Taiwanese Luxury industry.

The company's shares are down 2.0% from a week ago.

Risk Analysis

Be aware that Quang Viet Enterprise is showing 2 warning signs in our investment analysis and 1 of those is potentially serious...

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