Emerging Display Technologies Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Emerging Display Technologies (TWSE:3038) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$870.6m (down 22% from 3Q 2023).
• Net income: NT$72.6m (down 47% from 3Q 2023).
• Profit margin: 8.3% (down from 12% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: NT$0.49 (down from NT$0.91 in 3Q 2023).

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

Emerging Display Technologies EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 7.6%. Earnings per share (EPS) exceeded analyst estimates by 40%.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 14% growth forecast for the Electronic industry in Taiwan.

Performance of the Taiwanese Electronic industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Be aware that Emerging Display Technologies is showing 1 warning sign in our investment analysis that you should know about...

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