Weimob First Half 2024 Earnings: Misses Expectations

Simply Wall St·08/25/2024 01:43:08

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Weimob (HKG:2013) First Half 2024 Results

Key Financial Results

Revenue: CN¥867.4m (down 28% from 1H 2023).
Net loss: CN¥550.8m (loss widened by 22% from 1H 2023).
CN¥0.19 loss per share (further deteriorated from CN¥0.17 loss in 1H 2023).

earnings-and-revenue-growth — SEHK:2013 Earnings and Revenue Growth August 25th 2024

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

Weimob Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 37%. Earnings per share (EPS) also missed analyst estimates.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in Hong Kong.

Performance of the Hong Kong Software industry.

The company's shares are down 7.4% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Weimob that we have uncovered.

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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.

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