Hitek Global Past Earnings Performance
Past criteria checks 2/6
Hitek Global's earnings have been declining at an average annual rate of -10.6%, while the IT industry saw earnings growing at 10% annually. Revenues have been declining at an average rate of 3.1% per year. Hitek Global's return on equity is 3.7%, and it has net margins of 23%.
Key information
-10.6%
Earnings growth rate
-12.0%
EPS growth rate
| IT Industry Growth | 22.4% |
| Revenue growth rate | -3.1% |
| Return on equity | 3.7% |
| Net Margin | 23.0% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Some Hitek Global Inc. (NASDAQ:HKIT) Shareholders Look For Exit As Shares Take 26% Pounding
Mar 29
Hitek Global Inc.'s (NASDAQ:HKIT) 354% Price Boost Is Out Of Tune With Earnings
Feb 09Hitek Global Inc.'s (NASDAQ:HKIT) Prospects Need A Boost To Lift Shares
Dec 23Hitek Global Inc.'s (NASDAQ:HKIT) Popularity With Investors Under Threat As Stock Sinks 54%
Jul 05Revenue & Expenses BreakdownBeta
How Hitek Global makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 5 | 1 | 2 | 0 |
| 30 Sep 23 | 6 | 1 | 2 | 0 |
| 30 Jun 23 | 7 | 1 | 2 | 0 |
| 31 Mar 23 | 6 | 1 | 2 | 0 |
| 31 Dec 22 | 6 | 1 | 2 | 0 |
| 30 Sep 22 | 6 | 1 | 2 | 0 |
| 30 Jun 22 | 6 | 1 | 2 | 0 |
| 31 Mar 22 | 6 | 2 | 2 | 0 |
| 31 Dec 21 | 6 | 2 | 2 | 0 |
| 30 Sep 21 | 6 | 2 | 2 | 0 |
| 30 Jun 21 | 6 | 2 | 2 | 0 |
| 31 Mar 21 | 6 | 2 | 1 | 0 |
| 31 Dec 20 | 6 | 2 | 1 | 0 |
| 30 Sep 20 | 6 | 2 | 1 | 0 |
| 30 Jun 20 | 7 | 2 | 1 | 0 |
| 31 Mar 20 | 7 | 2 | 1 | 0 |
| 31 Dec 19 | 7 | 2 | 2 | 0 |
| 30 Sep 19 | 7 | 2 | 1 | 0 |
| 30 Jun 19 | 6 | 2 | 1 | 0 |
| 31 Mar 19 | 7 | 2 | 1 | 0 |
| 31 Dec 18 | 7 | 2 | 1 | 0 |
| 30 Sep 18 | 7 | 2 | 1 | 0 |
| 30 Jun 18 | 7 | 2 | 1 | 0 |
| 31 Mar 18 | 7 | 2 | 1 | 0 |
| 31 Dec 17 | 7 | 2 | 1 | 0 |
| 31 Dec 16 | 7 | 0 | 1 | 0 |
Quality Earnings: HKIT has high quality earnings.
Growing Profit Margin: HKIT's current net profit margins (23%) are higher than last year (22%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: HKIT's earnings have declined by 10.6% per year over the past 5 years.
Accelerating Growth: HKIT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HKIT had negative earnings growth (-26%) over the past year, making it difficult to compare to the IT industry average (-0.2%).
Return on Equity
High ROE: HKIT's Return on Equity (3.7%) is considered low.