SUNeVision Holdings First Half 2024 Earnings: Misses Expectations

SUNeVision Holdings (HKG:1686) First Half 2024 Results

Key Financial Results

• Revenue: HK$1.29b (up 16% from 1H 2023).
• Net income: HK$435.4m (flat on 1H 2023).
• Profit margin: 34% (down from 39% in 1H 2023). The decrease in margin was driven by higher expenses.
• EPS: HK$0.11 (in line with 1H 2023).

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

SUNeVision Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) also missed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 14% growth forecast for the IT industry in Hong Kong.

Performance of the Hong Kong IT industry.

The company's shares are down 3.7% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for SUNeVision Holdings (1 is significant!) that you need to be mindful of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.