Jiangsu Guomao Reducer Third Quarter 2024 Earnings: Misses Expectations - Simply Wall St News

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

Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 47%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China.

Performance of the Chinese Machinery industry.

The company's share price is broadly unchanged from a week ago.

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Jiangsu Guomao Reducer, and understanding it should be part of your investment process.

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Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.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.

Produces and sells reducers, gearbox, gearmotors, and motors in China.

Undervalued with excellent balance sheet and pays a dividend.