Advantech Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Advantech (TWSE:2395) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$14.9b (flat on 3Q 2023).
• Net income: NT$2.26b (down 13% from 3Q 2023).
• Profit margin: 15% (down from 17% in 3Q 2023).
• EPS: NT$2.61 (down from NT$3.01 in 3Q 2023).

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

Advantech EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 1.9%.

Looking ahead, revenue is forecast to grow 11% 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 down 1.4% 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 Advantech that you need to be mindful of.

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