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

Simply Wall St

November 10, 2024

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).

earnings-and-revenue-growth — TWSE:2637 Earnings and Revenue Growth November 10th 2024

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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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.