Shin Kong Financial Holding First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Shin Kong Financial Holding (TWSE:2888) First Quarter 2024 Results

Key Financial Results

• Net income: NT$3.09b (up from NT$9.05b loss in 1Q 2023).
• EPS: NT$0.20 (up from NT$0.58 loss in 1Q 2023).

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

Shin Kong Financial Holding EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 30%. Earnings per share (EPS) exceeded analyst estimates by 171%.

Looking ahead, revenue is expected to decline by 16% p.a. on average during the next 3 years, while revenues in the Insurance industry in Asia are expected to grow by 3.3%.

Performance of the market in Taiwan.

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 Shin Kong Financial Holding that you should be aware of before investing here.

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