Chenming Electronic Tech Second Quarter 2024 Earnings: EPS Misses Expectations

Chenming Electronic Tech (TWSE:3013) Second Quarter 2024 Results

Key Financial Results

• Revenue: NT$2.60b (up 93% from 2Q 2023).
• Net income: NT$193.2m (up 153% from 2Q 2023).
• Profit margin: 7.4% (up from 5.7% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: NT$0.97 (up from NT$0.39 in 2Q 2023).

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

Chenming Electronic Tech EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%.

Looking ahead, revenue is forecast to grow 47% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Tech industry in Taiwan.

Performance of the Taiwanese Tech industry.

The company's shares are down 7.4% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Chenming Electronic Tech that you should be aware of.

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