Endurance Technologies second quarter results to be announced immediately: Endurance Technologies reported second quarter results on November 6, 2024, showing significant growth in financial performance. The company’s revenue increased by 14.45% year-on-year, and its profit increased significantly by 31.33%. Compared with the previous quarter, revenue increased slightly by 3.08%, but profit decreased slightly by 0.43%.
From the perspective of operating efficiency, selling, general and administrative expenses decreased by 3.3% compared with the previous quarter, but increased by 13.91% compared with the same period last year. This shows a mixed trend in expense management, with year-over-year costs still rising despite improvements in the short term.
Operating income also showed positive momentum, growing by 2.25% from the previous quarter and a significant increase of 25.48% from the same period last year. Second quarter earnings per share (EPS) were $14.43, an annual increase of 31.3%.
Investors have shown confidence in Endurance Technologies, with the stock returning 1.66% last week, 22.41% over the past six months, and a whopping 23.13% year-to-date. Currently, the company’s market capitalization is $33,483.38 Crores, a new 52-week high $3,061.30 The lowest price is $1,572.35.
As of November 7, 2024, analysts have mixed sentiments on Endurance Technologies. Of 12 analysts, 3 rate the stock with a strong sell rating, 2 rate it with a sell rating, 2 rate it with a hold rating, 2 rate it with a buy rating and 3 rate it with a strong buy rating. As of now, the consensus recommendation is leaning toward Hold, reflecting cautious optimism about the company’s future performance.
Endurance Technology Finance
| period | Q2 | Q1 | Quarterly growth | Q2 | annual growth |
|---|---|---|---|---|---|
| total revenue | 2912.66 | 2825.5 | +3.08% | 2545.03 | +14.45% |
| Total Selling/General/Administrative Expenses | 241.89 | 250.16 | -3.3% | 212.36 | +13.91% |
| Depreciation/amortization | 131.15 | 128.76 | +1.85% | 118.41 | +10.75% |
| total operating expenses | 2661.81 | 2580.18 | +3.16% | 2345.11 | +13.5% |
| operating income | 250.85 | 245.32 | +2.25% | 199.91 | +25.48% |
| net income before tax | 265.77 | 267.97 | -0.82% | 205.61 | +29.26% |
| net income | 202.98 | 203.86 | -0.43% | 154.56 | +31.33% |
| Diluted normalized earnings per share | 14.43 | 14.49 | -0.41% | 10.99 | +31.3% |
