World Fitness Services (TWSE:2762) Second Quarter 2024 Results
Key Financial Results
- Revenue: NT$2.46b (up 12% from 2Q 2023).
- Net income: NT$133.9m (up 38% from 2Q 2023).
- Profit margin: 5.4% (up from 4.4% in 2Q 2023). The increase in margin was driven by higher revenue.
- EPS: NT$1.21 (up from NT$0.97 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
World Fitness Services EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 30%.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Hospitality industry in Taiwan.
Performance of the Taiwanese Hospitality industry.
The company’s shares are up 13% from a week ago.
Risk Analysis
We don’t want to rain on the parade too much, but we did also find 1 warning sign for World Fitness Services that you need to be mindful of.
Valuation is complex, but we’re here to simplify it.
Discover if World Fitness Services might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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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.
