EVA Airways Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

EVA Airways (TWSE:2618) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$57.2b (up 7.3% from 3Q 2023).
• Net income: NT$8.98b (up 51% from 3Q 2023).
• Profit margin: 16% (up from 11% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: NT$1.66 (up from NT$1.10 in 3Q 2023).

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

EVA Airways EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) exceeded analyst estimates by 11%.

Looking ahead, revenue is expected to decline by 3.3% p.a. on average during the next 3 years, while revenues in the Airlines industry in Asia are expected to grow by 6.3%.

Performance of the market in Taiwan.

The company's shares are up 8.5% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for EVA Airways (1 is a bit unpleasant!) that we have uncovered.

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