Stock Analysis

TSRC First Quarter 2024 Earnings: Beats Expectations

TWSE:2103
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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).
earnings-and-revenue-growth
TWSE:2103 Earnings and Revenue Growth May 10th 2024

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.

Valuation is complex, but we're helping make it simple.

Find out whether TSRC is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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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.