Zyxel Group Second Quarter 2024 Earnings: EPS: NT$0.32 (vs NT$0.77 in 2Q 2023)

Zyxel Group (TWSE:3704) Second Quarter 2024 Results

Key Financial Results

• Revenue: NT$6.51b (down 8.6% from 2Q 2023).
• Net income: NT$129.9m (down 57% from 2Q 2023).
• Profit margin: 2.0% (down from 4.3% in 2Q 2023). The decrease in margin was driven by lower revenue.
• EPS: NT$0.32 (down from NT$0.77 in 2Q 2023).

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

Zyxel Group Earnings Insights

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Communications industry in Taiwan.

Performance of the Taiwanese Communications industry.

The company's shares are down 4.9% from a week ago.

Valuation

Our analysis of these results suggests Zyxel Group may be undervalued based on 6 important criteria we look at. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.

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