ITEQ Third Quarter 2024 Earnings: Misses Expectations

ITEQ (TWSE:6213) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$7.96b (up 20% from 3Q 2023).
• Net income: NT$249.2m (up 6.2% from 3Q 2023).
• Profit margin: 3.1% (down from 3.5% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: NT$0.69 (up from NT$0.65 in 3Q 2023).

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

ITEQ Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 21%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan.

Performance of the Taiwanese Electronic industry.

The company's shares are up 1.4% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for ITEQ that you need to take into consideration.

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