PharmaEssentia Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

November 17, 2024

PharmaEssentia (TWSE:6446) Third Quarter 2024 Results

Key Financial Results

Revenue: NT$2.71b (up 108% from 3Q 2023).
Net income: NT$719.7m (up 263% from 3Q 2023).
Profit margin: 27% (up from 15% in 3Q 2023). The increase in margin was driven by higher revenue.
EPS: NT$2.21 (up from NT$0.67 in 3Q 2023).

earnings-and-revenue-growth — TWSE:6446 Earnings and Revenue Growth November 17th 2024

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

PharmaEssentia Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 20%.

Looking ahead, revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 29% growth forecast for the Biotechs industry in Asia.

Performance of the market in Taiwan.

The company's shares are down 5.3% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for PharmaEssentia that you should be aware of.

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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.