Taiwan High Speed Rail Third Quarter 2024 Earnings: EPS Misses Expectations

Taiwan High Speed Rail (TWSE:2633) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$13.2b (up 8.7% from 3Q 2023).
• Net income: NT$1.39b (up 11% from 3Q 2023).
• Profit margin: 11% (in line with 3Q 2023).
• EPS: NT$0.25 (up from NT$0.22 in 3Q 2023).

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

Taiwan High Speed Rail EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 19%.

Looking ahead, revenue is forecast to grow 1.6% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Infrastructure industry in Asia.

Performance of the market in Taiwan.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Taiwan High Speed Rail (1 is a bit concerning!) that you should be aware of.

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