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Ta Chen Stainless Pipe Second Quarter 2024 Earnings: Misses Expectations
Ta Chen Stainless Pipe (TWSE:2027) Second Quarter 2024 Results
Key Financial Results
- Revenue: NT$24.1b (down 8.5% from 2Q 2023).
- Net income: NT$916.9m (down 44% from 2Q 2023).
- Profit margin: 3.8% (down from 6.2% in 2Q 2023). The decrease in margin was driven by lower revenue.
- EPS: NT$0.40 (down from NT$0.70 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ta Chen Stainless Pipe Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 48%.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 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 share price is broadly unchanged from a week ago.
Risk Analysis
You should learn about the 1 warning sign we've spotted with Ta Chen Stainless Pipe.
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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:2027
Ta Chen Stainless Pipe
Manufactures, processes, and sells stainless steel pipes, plates, and fittings, and venetian blinds in Taiwan, the United States, China, and internationally.
Flawless balance sheet average dividend payer.