EVE Energy Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St · 10/25 23:17

EVE Energy (SZSE:300014) Third Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥12.4b (down 1.3% from 3Q 2023).
  • Net income: CN¥1.05b (down 17% from 3Q 2023).
  • Profit margin: 8.5% (down from 10% in 3Q 2023).
  • EPS: CN¥0.52 (down from CN¥0.62 in 3Q 2023).
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SZSE:300014 Earnings and Revenue Growth October 25th 2024

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

EVE Energy Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) also missed analyst estimates by 17%.

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China.

Performance of the Chinese Electrical industry.

The company's shares are up 8.6% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for EVE Energy (1 shouldn't be ignored!) that you should be aware of.