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FuSheng Precision Third Quarter 2024 Earnings: EPS Beats Expectations
FuSheng Precision (TWSE:6670) Third Quarter 2024 Results
Key Financial Results
- Revenue: NT$7.02b (up 34% from 3Q 2023).
- Net income: NT$827.1m (up 76% from 3Q 2023).
- Profit margin: 12% (up from 9.0% in 3Q 2023). The increase in margin was driven by higher revenue.
- EPS: NT$6.09 (up from NT$3.55 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
FuSheng Precision EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.9%.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Leisure industry in Taiwan.
Performance of the Taiwanese Leisure industry.
The company's shares are down 7.4% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for FuSheng Precision that you should be aware of before investing here.
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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.
About TWSE:6670
FuSheng Precision
Engages in the golf and sports equipment businesses in Japan and internationally.
Flawless balance sheet, undervalued and pays a dividend.
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