J&V Energy Technology (TWSE:6869) Q2 2024 financial results
Key Financial Results
Revenue: NT$1.01 billion (down 50% from Q2 2023). Net profit: NT$134 million (down 59% from Q2 2023). Margin: 13% (down from 16% in Q2 2023). EPS: NT$1.11 (down from NT$2.81 in Q2 2023). TWSE:6869 Revenue and Sales Growth August 16, 2024
All figures shown in the chart above are for the trailing twelve month (TTM) period.
J&V Energy Technologies' sales and profits fall short of expectations
Revenues came in 46% below analyst expectations. Earnings per share (EPS) also came in 31% below analyst expectations.
Looking ahead, revenues are expected to grow by an average of 47% over the next two years, while the growth forecast for Asia's renewable energy industry is 9.9%.
Taiwan market performance.
The company's shares are up 3.3% from a week ago.
Risk Analysis
Be aware that J&V Energy Technology is showing 3 warning signs in our investment analysis, and 2 of them are significant…
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This article by Simply Wall St is of general nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology, and our articles are not intended as financial advice. It is not a recommendation to buy or sell stocks, and does not take into account your objectives or financial situation. We aim to provide long-term analysis driven by fundamental data. Please note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any of the stocks mentioned herein.
