Wan Hai Lines Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

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

Key Financial Results

• Revenue: NT$54.5b (up 118% from 3Q 2023).
• Net income: NT$18.4b (up by NT$15.9b from 3Q 2023).
• Profit margin: 34% (up from 10% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: NT$6.57 (up from NT$0.91 in 3Q 2023).

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

Wan Hai Lines Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 1.6%.

Looking ahead, revenue is forecast to decline by 14% 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 down 3.4% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Wan Hai Lines has 2 warning signs (and 1 which is significant) we think you should know about.

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