Stock Analysis

Sercomm Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

Published November 07, 2024

Sercomm (TWSE:5388) Third Quarter 2024 Results

Key Financial Results

Revenue: NT$13.5b (down 14% from 3Q 2023).
Net income: NT$546.1m (down 17% from 3Q 2023).
Profit margin: 4.1% (down from 4.2% in 3Q 2023). The decrease in margin was driven by lower revenue.
EPS: NT$1.83 (down from NT$2.53 in 3Q 2023).

TWSE:5388 Earnings and Revenue Growth November 7th 2024

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

Sercomm Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) also missed analyst estimates by 10.0%.

Looking ahead, revenue is forecast to grow 11% 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 up 3.6% from a week ago.

Valuation

Our analysis of Sercomm based on 6 different valuation metrics shows it might be undervalued. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.

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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.