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- TWSE:1101
TCC Group Holdings Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
TCC Group Holdings (TWSE:1101) Second Quarter 2024 Results
Key Financial Results
- Revenue: NT$39.0b (up 41% from 2Q 2023).
- Net income: NT$2.27b (down 29% from 2Q 2023).
- Profit margin: 5.8% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses.
- EPS: NT$0.25 (down from NT$0.45 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
TCC Group Holdings Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 40%.
Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in Asia are expected to remain flat.
Performance of the market in Taiwan.
The company's shares are down 4.8% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for TCC Group Holdings (1 can't be ignored) you should be aware of.
Valuation is complex, but we're here to simplify it.
Discover if TCC Group Holdings might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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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:1101
TCC Group Holdings
Engages in the production and sale of cement and ready-mix concrete in Taiwan.
Fair value with moderate growth potential.