AVIC Jonhon Optronic TechnologyLtd Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St · 08/30 22:20

AVIC Jonhon Optronic TechnologyLtd (SZSE:002179) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥5.18b (down 4.3% from 2Q 2023).
  • Net income: CN¥917.3m (down 4.5% from 2Q 2023).
  • Profit margin: 18% (in line with 2Q 2023).
  • EPS: CN¥0.43 (down from CN¥0.47 in 2Q 2023).
earnings-and-revenue-growth
SZSE:002179 Earnings and Revenue Growth August 30th 2024

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

AVIC Jonhon Optronic TechnologyLtd EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 7.3%.

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China.

Performance of the Chinese Electronic industry.

The company's shares are up 5.7% from a week ago.

Valuation

If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates AVIC Jonhon Optronic TechnologyLtd could be a good place to look. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.