Hsin Kuang Steel Third Quarter 2024 Earnings: In Line With Expectations

Hsin Kuang Steel (TWSE:2031) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$3.36b (down 24% from 3Q 2023).
• Net loss: NT$669.6m (down by 256% from NT$428.1m profit in 3Q 2023).
• NT$2.09 loss per share (down from NT$1.33 profit in 3Q 2023).

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

Hsin Kuang Steel Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 9.5% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Metals and Mining industry in Taiwan.

Performance of the Taiwanese Metals and Mining industry.

The company's shares are down 3.6% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for Hsin Kuang Steel (2 are potentially serious!) that you need to be mindful of.

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