HD Renewable Energy Third Quarter 2024 Earnings: Misses Expectations

HD Renewable Energy (TWSE:6873) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$3.85b (up 294% from 3Q 2023).
• Net income: NT$436.5m (up 371% from 3Q 2023).
• Profit margin: 11% (up from 9.5% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: NT$4.10 (up from NT$0.90 in 3Q 2023).

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

HD Renewable Energy Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates by 27%.

Looking ahead, revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Renewable Energy industry in Asia.

Performance of the market in Taiwan.

The company's shares are down 7.5% from a week ago.

Risk Analysis

We should say that we've discovered 4 warning signs for HD Renewable Energy (2 are potentially serious!) that you should be aware of before investing here.

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