Shanghai Weihong Electronic Technology Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags – Simply Wall St

Key Financial Results

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

Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 58%.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in China.

Performance of the Chinese Electrical industry.

The company's shares are down 7.0% from a week ago.

We should say that we've discovered 3 warning signs for Shanghai Weihong Electronic Technology that you should be aware of before investing here.

Find out whether Shanghai Weihong Electronic Technology is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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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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Shanghai Weihong Electronic Technology Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags - Simply Wall St