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Wisdom Marine Lines Limited (Cayman) Second Quarter 2024 Earnings: Beats Expectations
Wisdom Marine Lines Limited (Cayman) (TWSE:2637) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$171.2m (up 11% from 2Q 2023).
- Net income: US$53.1m (up 5.8% from 2Q 2023).
- Profit margin: 31% (down from 33% in 2Q 2023).
- EPS: US$0.07 (up from US$0.067 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Wisdom Marine Lines Limited (Cayman) Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 6.8%. Earnings per share (EPS) also surpassed analyst estimates by 8.4%.
Looking ahead, revenue is forecast to grow 10.0% p.a. on average during the next 2 years, compared to a 2.8% decline forecast for the Shipping industry in Taiwan.
Performance of the Taiwanese Shipping industry.
The company's shares are down 2.5% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 3 warning signs for Wisdom Marine Lines Limited (Cayman) (1 is potentially serious!) that you need to be mindful of.
Valuation is complex, but we're here to simplify it.
Discover if Wisdom Marine Lines Limited (Cayman) 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.
About TWSE:2637
Wisdom Marine Lines Limited (Cayman)
Provides marine cargo transportation services in Singapore, the Netherlands, Germany, Panama, Denmark, Japan, and internationally.
Good value second-rate dividend payer.