Wisdom Marine Lines Limited (Cayman) Third Quarter 2024 Earnings: EPS Misses Expectations

Wisdom Marine Lines Limited (Cayman) (TWSE:2637) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$169.9m (up 43% from 3Q 2023).
• Net income: US$48.3m (up 256% from 3Q 2023).
• Profit margin: 28% (up from 11% in 3Q 2023).
• EPS: US$0.06 (up from US$0.018 in 3Q 2023).

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

Wisdom Marine Lines Limited (Cayman) EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%.

Looking ahead, revenue is forecast to grow 3.0% 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 up 1.6% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 4 warning signs for Wisdom Marine Lines Limited (Cayman) (1 can't be ignored!) that you should be aware of.

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