Stock Analysis
Groundhog Second Quarter 2024 Earnings: Misses Expectations
Groundhog (TWSE:6906) Second Quarter 2024 Results
Key Financial Results
- Revenue: NT$67.1m (up 41% from 2Q 2023).
- Net income: NT$6.63m (up from NT$2.13m loss in 2Q 2023).
- Profit margin: 9.9% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue.
- EPS: NT$0.20 (up from NT$0.07 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Groundhog Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 60%.
The company's shares are up 7.6% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for Groundhog 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.
About TWSE:6906
Groundhog
Provides mobility intelligence solutions in Taiwan.