FDC International Hotels Third Quarter 2024 Earnings: Misses Expectations

FDC International Hotels (TWSE:2748) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$519.6m (down 2.8% from 3Q 2023).
• Net income: NT$27.3m (down 57% from 3Q 2023).
• Profit margin: 5.2% (down from 12% in 3Q 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: NT$0.26 (down from NT$0.61 in 3Q 2023).

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

FDC International Hotels Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 9.3%. Earnings per share (EPS) also missed analyst estimates by 64%.

Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Hospitality industry in Taiwan.

Performance of the Taiwanese Hospitality industry.

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

Risk Analysis

We should say that we've discovered 1 warning sign for FDC International Hotels that you should be aware of before investing here.

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