Shinfox Energy Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St

November 11, 2024

Shinfox Energy (TWSE:6806) Third Quarter 2024 Results

Key Financial Results

Revenue: NT$3.34b (up 24% from 3Q 2023).
Net income: NT$173.4m (up 43% from 3Q 2023).
Profit margin: 5.2% (up from 4.5% in 3Q 2023). The increase in margin was driven by higher revenue.
EPS: NT$0.77 (up from NT$0.56 in 3Q 2023).

earnings-and-revenue-growth — TWSE:6806 Earnings and Revenue Growth November 11th 2024

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

Shinfox Energy EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 20%. Earnings per share (EPS) exceeded analyst estimates by 16%.

Looking ahead, revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Renewable Energy industry in Asia.

Performance of the market in Taiwan.

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

Risk Analysis

You still need to take note of risks, for example - Shinfox Energy has 3 warning signs (and 2 which make us uncomfortable) we think you should know about.

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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.