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

Simply Wall St

November 15, 2024

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).

earnings-and-revenue-growth — TWSE:2618 Earnings and Revenue Growth November 15th 2024

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.

Valuation is complex, but we're here to simplify it.

Discover if EVA Airways might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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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.