My Top 14 Reports of this Earnings Season
A look at the best financial reports of the quarter
The Q3 2024 earnings season has just finished and it is time to highlight the top performers. This analysis is valuable for spotting companies with strong momentum and can serve as a guide for both momentum traders and long-term investors looking to validate their picks.
I identified 14 stocks with exceptional earnings, let’s dive in!
1. Taiwan Semiconductor Manufacturing Company
TSMC is the world’s largest and most advanced semiconductor foundry.
Country: Taiwan
Revenue
Q3 24 760B NTD
Q3 23 547B NTD +39.0%
Analyst estimates 750B NTD
EPS
Q3 24 12.54NTD
Q3 23 8.14NTD +54.2%
Analyst estimates 11.50NTD
Metrics
2024 revenue growth 33.1%
2024 net profit margin growth 38.8%
Net profit margin 40.4%
Key insights
AI boom is fueling demand
Management maintains an optimistic outlook for growth in the coming year
New factories will open in the coming years all around the world (but especially in the US)
2. MDA Space
MDA Space provides space technology solutions, including robotics, satellite systems, and geospatial intelligence.
Country: Canada
Revenue
Q3 24 $282M
Q3 23 $205M +38%
Analyst estimates $277M
EPS
Q3 24 $0.24
Q3 23 $0.08 +200%
Analyst estimates $0.13
Metrics
2024 revenue growth 29.5%
2024 net profit margin growth 40.8%
Net profit margin 6.6%
Key insights
The order book is growing very quickly (+49% YoY reaching $4.9B representing 4 years of revenue)
3. Servicenow
Servicenow offers a cloud-based platform that streamlines enterprise workflows (mainly for IT processes but also for finance, supply chain, etc) and enhances digital transformation.
If you want to know more, here is my article about Servicenow.
Country: US
Revenue
Q3 24 $2,797M
Q3 23 $2,288M +22.2%
Analyst estimates $2,746M
EPS
Q3 24 $2.07
Q3 23 $1.17 +77%
Analyst estimates $1.58
Metrics
2024 revenue growth 22.5%
2024 net profit margin growth -17.4% (exceptional elements in 2023)
Net profit margin 13.0%
Key insights
Growth continues with a positive NRR (net revenue retention)
AI creates new revenue streams
4. Bonesupport
Bonesupport is a medical technology company specializing in injectable bioceramic bone substitutes for orthopedic conditions.
If you want to know more, here is my article about Bonesupport.
Country: Sweden
Revenue
Q3 24 237M SEK
Q3 23 158M SEK +50%
Analyst estimates 231M SEK
EBIT
Q3 24 41.0M SEK
Q3 23 14.9M SEK +175%
Analyst estimates 31.5M SEK
Metrics
2024 revenue growth 52.1%
2024 net profit margin growth -53%
Net profit margin 12.7%
5. Kinsale
Kinsale is a specialty insurance provider focusing on hard-to-place risks for small and medium-sized businesses.
Country: US
Revenue
Q3 24 $418M
Q3 23 $314M +33%
Analyst estimates $401M
EPS
Q3 24 $4.90
Q3 23 $3.26 +50%
Analyst estimates $3.78
Metrics
2024 revenue growth 30.1%
2024 net profit margin growth 31.8%
Net profit margin 25.5%
6. Reddit
Reddit is a social media platform featuring user-generated content and discussions on various topics.
Country: US
Revenue
Q3 24 $348M
Q3 23 $208M +67%
Analyst estimates $315M
EPS
Q3 24 $0.16
Q3 23 $(0.13) +123%
Analyst estimates $(0.06)
Metrics
Net profit margin -40.2%
Key insights
The positive margin is a great sign shown to the investors
Management continues to see a strong growth ahead
7. Halozyme
Halozyme is a biotech company leveraging its proprietary enzyme technology ENHANZE to enhance drug delivery systems.
If you want to know more, here is my article about Halozyme.
Country: US
Revenue
Q3 24 $290M
Q3 23 $216M +34%
Analyst estimates $252M
EPS
Q3 24 $1.05
Q3 23 $0.61 +72%
Analyst estimates $0.83
Metrics
2024 revenue growth 20.7%
2024 net profit margin growth 55.7%
Net profit margin 43.9%
Key insights
Guidance raised after a very dynamic quarter
New partner approvals and new expanded agreements, especially with Argenx
8. Applovin
Applovin is a mobile marketing platform that helps app developers grow their businesses through user acquisition and monetization tools.
Country: US
Revenue
Q3 24 $1,198M
Q3 23 $864M +39%
Analyst estimates $1,131M
EPS
Q3 24 $1.25
Q3 23 $0.30 +316%
Analyst estimates $0.93
Metrics
2024 revenue growth 39.9%
2024 net profit margin growth 296%
Net profit margin 30.6%
Key insights
Technology enhancements helped to boost growth
Software platform revenue grew +66% YoY
9. Duolingo
Duolingo is a popular language-learning platform offering gamified lessons in multiple languages.
Country: US
Revenue
Q3 24 $193M
Q3 23 $138M +40%
Analyst estimates $189M
EPS
Q3 24 $0.49
Q3 23 $0.06 +716%
Analyst estimates $0.36
Metrics
2024 revenue growth 40.1%
2024 net profit margin growth 501%
Net profit margin 13.1%
Key insights
Daily active users up 54% YoY
Paid subscribers from 8% to 8.5%
10. Nu Holdings
Nu is a LATAM financial technology company providing digital banking services, including credit cards and payment solutions.
Country: Brazil
Revenue
Q3 24 $2,943M
Q3 23 $2,137M +37.7%
Analyst estimates $2,947M
EPS
Q3 24 $0.11
Q3 23 $0.06 +83%
Analyst estimates $0.10
Metrics
2024 revenue growth 44.9%
2024 net profit margin growth 90.5%
Net profit margin 16.9%
Key insights
110 million customers globally - strong development in different countries like Mexico and Columbia
Increasing ROE to 30%
Increasing activity rate per customer to reach $11 monthly (and $25 for long-term customers)
11. Paymentus
Paymentus is a cloud-based billing and payments platform that simplifies customer payment processing for enterprises.
Country: US
Revenue
Q3 24 $232M
Q3 23 $152M +51.9%
Analyst estimates $191M
EPS
Q3 24 $0.11
Q3 23 $0.05 +120%
Analyst estimates $0.06
Metrics
2024 revenue growth 36.3%
2024 net profit margin growth 90.9%
Net profit margin 5.0%
12. Camtek
Camtek is a manufacturer of automated inspection and metrology equipment for the semiconductor industry.
Country: Israel
Revenue
Q3 24 $112M
Q3 23 $80M +40%
Analyst estimates $109M
EPS
Q3 24 $0.67
Q3 23 $0.46 +46%
Analyst estimates $0.61
Metrics
2024 revenue growth 35.5%
2024 net profit margin growth 50.6%
Net profit margin 27.9%
13. NVidia
NVidia is a leader in AI computing, graphics processing units (GPUs), and gaming technology.
Country: US
Revenue
Q3 24 $35.1B
Q3 23 $18.1B +94%
Analyst estimates $33.1B
EPS
Q3 24 $0.78
Q3 23 $0.37 +111%
Analyst estimates $0.70
Metrics
2024 revenue growth 107%
2024 net profit margin growth 128%
Net profit margin 53.7%
Key insights
Continued demand for chip fueled by AI
Blackwell chips (the newest) also see a strong demand
Very positive management outlook
14. Sea Limited
Sea Limited is a Southeast Asian tech conglomerate with businesses in e-commerce (Shopee), gaming (Garena), and digital payments (SeaMoney).
Country: Singapore
Revenue
Q3 24 $4,328M
Q3 23 $3,310M +31%
Analyst estimates $4,082M
EPS
Q3 24 $0.24
Q3 23 $(0.26) +192%
Analyst estimates $0.26
Metrics
2024 revenue growth 26.6%
2024 net profit margin growth 258%
Net profit margin 3.3%
Key insights
Growing in the 3 divisions (+24% in e-commerce / +38% in financial services / +24% in entertainment)
E-commerce adjusted EBITDA positive for the first quarter ever
Conclusion
All of these companies are experiencing rapid growth and expanding their net profit margins. However, if you are considering investing in any of them, keep an eye on their valuations. High quality often comes with a hige price!