TSRC First Quarter 2024 Earnings: Beats Expectations

TSRC (TWSE:2103) First Quarter 2024 Results

Key Financial Results

• Revenue: NT$8.75b (up 7.8% from 1Q 2023).
• Net income: NT$261.1m (up 2.0% from 1Q 2023).
• Profit margin: 3.0% (down from 3.2% in 1Q 2023). The decrease in margin was driven by higher expenses.
• EPS: NT$0.32 (up from NT$0.31 in 1Q 2023).

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

TSRC Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 113%.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 6.0% growth forecast for the Chemicals industry in Taiwan.

Performance of the Taiwanese Chemicals industry.

The company's shares are down 1.6% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with TSRC, and understanding them should be part of your investment process.

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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.