Chant Sincere First Quarter 2024 Earnings: Misses Expectations

Chant Sincere (TWSE:6205) First Quarter 2024 Results

Key Financial Results

• Revenue: NT$329.6m (down 36% from 1Q 2023).
• Net income: NT$50.2m (down 46% from 1Q 2023).
• Profit margin: 15% (down from 18% in 1Q 2023). The decrease in margin was driven by lower revenue.
• EPS: NT$0.61 (down from NT$1.16 in 1Q 2023).

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

Chant Sincere Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 74%. Earnings per share (EPS) also missed analyst estimates by 44%.

Looking ahead, revenue is forecast to grow 75% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan.

Performance of the Taiwanese Electronic industry.

The company's shares are up 4.5% from a week ago.

Risk Analysis

Be aware that Chant Sincere is showing 3 warning signs in our investment analysis that you should know about...

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