Ecovacs Robotics Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St · 09/01 00:25

Ecovacs Robotics (SHSE:603486) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥3.50b (down 10% from 2Q 2023).
  • Net income: CN¥311.2m (up 21% from 2Q 2023).
  • Profit margin: 8.9% (up from 6.6% in 2Q 2023). The increase in margin was driven by lower expenses.
  • EPS: CN¥0.55 (up from CN¥0.45 in 2Q 2023).
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SHSE:603486 Earnings and Revenue Growth September 1st 2024

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

Ecovacs Robotics EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 10%. Earnings per share (EPS) exceeded analyst estimates by 13%.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Consumer Durables industry in China.

Performance of the Chinese Consumer Durables industry.

The company's shares are up 6.6% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Ecovacs Robotics that you should be aware of before investing here.