BenQ Materials Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

BenQ Materials (TWSE:8215) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$4.49b (down 2.5% from 3Q 2023).
• Net income: NT$44.5m (down 76% from 3Q 2023).
• Profit margin: 1.0% (down from 4.1% in 3Q 2023).
• EPS: NT$0.14 (down from NT$0.58 in 3Q 2023).

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

BenQ Materials Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 39%.

Looking ahead, revenue is forecast to grow 9.3% p.a. on average 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

You should learn about the 3 warning signs we've spotted with BenQ Materials (including 2 which don't sit too well with us).

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