Wowprime Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Wowprime (TWSE:2727) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$5.75b (down 1.2% from 3Q 2023).
• Net income: NT$362.8m (down 4.0% from 3Q 2023).
• Profit margin: 6.3% (down from 6.5% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: NT$4.40 (down from NT$4.59 in 3Q 2023).

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

Wowprime EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 7.9%.

Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Hospitality industry in Taiwan.

Performance of the Taiwanese Hospitality industry.

The company's shares are down 2.3% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Wowprime that you should be aware of.

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