Stock Analysis

Delta Electronics First Quarter 2024 Earnings: Misses Expectations

Simply Wall St

May 02, 2024

Delta Electronics (TWSE:2308) First Quarter 2024 Results

Key Financial Results

Revenue: NT$91.3b (down 1.7% from 1Q 2023).
Net income: NT$5.76b (down 17% from 1Q 2023).
Profit margin: 6.3% (down from 7.4% in 1Q 2023).
EPS: NT$2.22 (down from NT$2.66 in 1Q 2023).

earnings-and-revenue-growth — TWSE:2308 Earnings and Revenue Growth May 2nd 2024

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

Delta Electronics Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 9.9%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan.

Performance of the Taiwanese Electronic industry.

The company's shares are up 1.6% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Delta Electronics, and understanding it should be part of your investment process.

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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.