King Slide Works Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

November 07, 2024

King Slide Works (TWSE:2059) Third Quarter 2024 Results

Key Financial Results

Revenue: NT$2.58b (up 81% from 3Q 2023).
Net income: NT$1.15b (up 18% from 3Q 2023).
Profit margin: 45% (down from 69% in 3Q 2023). The decrease in margin was driven by higher expenses.
EPS: NT$12.12 (up from NT$10.30 in 3Q 2023).

earnings-and-revenue-growth — TWSE:2059 Earnings and Revenue Growth November 7th 2024

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

King Slide Works Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 13%.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Tech industry in Taiwan.

Performance of the Taiwanese Tech industry.

The company's shares are up 14% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for King Slide Works that you need to be mindful of.

Valuation is complex, but we're here to simplify it.

Discover if King Slide Works might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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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.