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- TWSE:2002
China Steel Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
China Steel (TWSE:2002) Second Quarter 2024 Results
Key Financial Results
- Revenue: NT$94.6b (flat on 2Q 2023).
- Net income: NT$1.32b (up 32% from 2Q 2023).
- Profit margin: 1.4% (up from 1.1% in 2Q 2023).
- EPS: NT$0.09 (up from NT$0.065 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China Steel EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 5.9%.
Looking ahead, revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Metals and Mining industry in Taiwan.
Performance of the Taiwanese Metals and Mining industry.
The company's shares are up 2.0% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for China Steel that you should be aware of.
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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:2002
China Steel
Manufactures and sells steel products in Taiwan, Vietnam, Malaysia, China, India, and internationally.
Moderate growth potential with mediocre balance sheet.