Tung Ho Steel Enterprise Third Quarter 2024 Earnings: Misses Expectations

Tung Ho Steel Enterprise (TWSE:2006) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$14.9b (down 3.3% from 3Q 2023).
• Net income: NT$1.08b (down 5.4% from 3Q 2023).
• Profit margin: 7.3% (down from 7.4% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: NT$1.48 (down from NT$1.56 in 3Q 2023).

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

Tung Ho Steel Enterprise Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 2.6%.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 3.4% growth forecast for the Metals and Mining industry in Taiwan.

Performance of the Taiwanese Metals and Mining industry.

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

Risk Analysis

You should learn about the 2 warning signs we've spotted with Tung Ho Steel Enterprise (including 1 which is a bit concerning).

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