SenseTime Group First Half 2024 Earnings: Misses Expectations

Simply Wall St · 6d ago

SenseTime Group (HKG:20) First Half 2024 Results

Key Financial Results

  • Revenue: CN¥1.74b (up 21% from 1H 2023).
  • Net loss: CN¥2.46b (loss narrowed by 21% from 1H 2023).
  • CN¥0.076 loss per share (improved from CN¥0.098 loss in 1H 2023).
earnings-and-revenue-growth
SEHK:20 Earnings and Revenue Growth September 29th 2024

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

SenseTime Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) also missed analyst estimates by 60%.

Looking ahead, revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Software industry in Hong Kong.

Performance of the Hong Kong Software industry.

The company's shares are up 25% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for SenseTime Group you should be aware of.