Shenzhen Fortune Trend technology Full Year 2023 Earnings: Beats Expectations – 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 6.0%. Earnings per share (EPS) also surpassed analyst estimates by 1.7%.

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Software industry in China.

Performance of the Chinese Software industry.

The company's shares are down 7.3% from a week ago.

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Shenzhen Fortune Trend technology's balance sheet.

Find out whether Shenzhen Fortune Trend 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.

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.

Here is the original post:

Shenzhen Fortune Trend technology Full Year 2023 Earnings: Beats Expectations - Simply Wall St