Wan Hai Lines Second Quarter 2024 Earnings: Beats Expectations

Wan Hai Lines (TWSE:2615) Second Quarter 2024 Results

Key Financial Results

• Revenue: NT$38.2b (up 56% from 2Q 2023).
• Net income: NT$11.6b (up from NT$2.34b loss in 2Q 2023).
• Profit margin: 30% (up from net loss in 2Q 2023).
• EPS: NT$4.12 (up from NT$0.83 loss in 2Q 2023).

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

Wan Hai Lines Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) also surpassed analyst estimates by 32%.

Looking ahead, revenue is forecast to decline by 2.9% p.a. on average during the next 2 years, while revenues in the Shipping industry in Taiwan are expected to remain flat.

Performance of the Taiwanese Shipping industry.

The company's shares are up 2.0% from a week ago.

Risk Analysis

Before you take the next step you should know about the 4 warning signs for Wan Hai Lines (3 are potentially serious!) that we have uncovered.

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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.