Panion & Bf Biotech Third Quarter 2024 Earnings: Misses Expectations

Panion & Bf Biotech (TWSE:1760) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$501.2m (up 5.6% from 3Q 2023).
• Net income: NT$27.7m (up 262% from 3Q 2023).
• Profit margin: 5.5% (up from 1.6% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: NT$0.32 (up from NT$0.089 in 3Q 2023).

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

Panion & Bf Biotech Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) also missed analyst estimates by 14%.

Looking ahead, revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 62% growth forecast for the Pharmaceuticals industry in Taiwan.

Performance of the Taiwanese Pharmaceuticals industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Panion & Bf Biotech that you should be aware of.

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