EPS Beats Expectations, Revenues Lag
VOXX InternationalNASDAQ:VOXX) Third Quarter 2023 Results
Key Financial Results
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Revenue: US$143.1m, down 25% from 3Q2022.
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Net income: US$7.42m, up from US$28.1m in 3Q2022.
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Profit margin: 5.2% (up compared to net loss in 3Q2022).
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EPS: US$0.30 (up compared to US$1.16 loss during 3Q2022).
The chart shows the trailing twelve month (TTM), period.
VOXX International EPS beats expectations, revenues fall short
Analyst estimates were 16% lower than revenue. Earnings per share (EPS), exceeded analyst expectations by 186%
Revenue is expected to increase by 2.1% per annum in the future. On average, revenue will grow 2.1% per year over the next three years, as opposed to the 2.0% expected for the Consumer Durables sector in the US.
Performance of the American Consumer Durables industry.
Shares of the company are up 15% compared to a week ago.
Risk Analysis
It is still important to take into account the ever-present threat of investment risk. We’ve identified 1 warning sign with VOXX InternationalIt is important to understand it as part of your investment process.
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