Noah Holdings Second Quarter 2024 Earnings: EPS: CN¥1.42 (vs CN¥4.54 in 2Q 2023)

Noah Holdings (NYSE:NOAH) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥615.9m (down 35% from 2Q 2023).
• Net income: CN¥99.8m (down 68% from 2Q 2023).
• Profit margin: 16% (down from 34% in 2Q 2023).
• EPS: CN¥1.42 (down from CN¥4.54 in 2Q 2023).

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

Noah Holdings Earnings Insights

Looking ahead, revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are up 1.5% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Noah Holdings that you should be aware of.

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