Estun Automation Second Quarter 2024 Earnings: Misses Expectations

Simply Wall St · 09/01 00:26

Estun Automation (SZSE:002747) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥1.17b (down 7.1% from 2Q 2023).
  • Net loss: CN¥79.9m (down by 247% from CN¥54.4m profit in 2Q 2023).
  • CN¥0.068 loss per share (down from CN¥0.062 profit in 2Q 2023).
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SZSE:002747 Earnings and Revenue Growth September 1st 2024

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

Estun Automation Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 184%.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China.

Performance of the Chinese Machinery industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Estun Automation that you should be aware of.