Allied Supreme Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

November 15, 2024

Allied Supreme (TWSE:4770) Third Quarter 2024 Results

Key Financial Results

Revenue: NT$1.77b (up 44% from 3Q 2023).
Net income: NT$422.1m (up 10% from 3Q 2023).
Profit margin: 24% (down from 31% in 3Q 2023). The decrease in margin was driven by higher expenses.
EPS: NT$5.28 (up from NT$4.82 in 3Q 2023).

earnings-and-revenue-growth — TWSE:4770 Earnings and Revenue Growth November 15th 2024

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

Allied Supreme Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates by 5.2%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Chemicals industry in Taiwan.

Performance of the Taiwanese Chemicals industry.

The company's shares are down 7.4% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Allied Supreme's balance sheet.

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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.