Stock Analysis
USI Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
USI (TWSE:1304) Second Quarter 2024 Results
Key Financial Results
- Revenue: NT$13.5b (up 5.5% from 2Q 2023).
- Net loss: NT$251.4m (down from NT$27.1m profit in 2Q 2023).
- NT$0.23 loss per share (down from NT$0.025 profit in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
USI Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Chemicals industry in Taiwan.
Performance of the Taiwanese Chemicals industry.
The company's shares are up 2.4% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for USI you should be aware of, and 1 of them is a bit concerning.
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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:1304
USI
Designs, develops, manufactures, and sells polyethylene plastic pellets in Asia, the Americas, Europe, Africa, Oceania, and internationally.