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Jerash Holdings (US) Inc (JRSH)
NASDAQ:JRSH
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
-$0.03Last Year’s EPS
$0.02Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: 16.11%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive growth trajectory with significant revenue, profit, and net income increases. However, rising operational costs and interest expenses are notable challenges. The company expresses optimism about future growth through expanded capacity and increased purchase orders.Company Guidance
During the Jerash Holdings Q2 2025 earnings call, the company reported a 20.6% increase in revenue to $40.2 million from the same quarter last year, reflecting heightened shipments to major U.S. customers and the onboarding of new clients. Gross profit rose by 31.4% to $7.1 million, with a gross margin increase to 17.5% from 16.1% in the prior year. Operating income saw a boost to $1.1 million, while net income surged by 80.1% to $665,000. The company anticipates significant growth, projecting a 35% to 38% revenue increase in Q3 and a 30% to 35% rise for the full fiscal year. Jerash is considering expanding its production capacity beyond the current 20 million pieces annually, driven by robust demand and strategic advantages of operating in Jordan. Additionally, they plan to implement cost-saving measures to counteract rising interest expenses from their supply chain financing and credit line usage.Revenue Growth
Revenue for Q2 2025 increased by 20.6% to $40.2 million from $33.4 million in the same quarter last year.
Gross Profit and Margin Improvement
Gross profit increased 31.4% to $7.1 million from $5.4 million last year. Gross margin increased to 17.5% from 16.1% a year ago.
Net Income Increase
Net income for Q2 2025 increased 80.1% to $665,000 from $369,000 for the prior year quarter.
Future Growth Prospects
Purchase orders are increasing with larger quantities, and the company is increasing its guidance for the next quarter and year.
Production and Capacity Expansion
Jerash is exploring expansion of manufacturing capacity and has increased production capacity by 7% to 8%.
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JRSH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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JRSH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $2.95 | $3.29 | +11.53% |
| Aug 13, 2024 | $2.82 | $2.69 | -4.61% |
| Jun 27, 2024 | $2.91 | $2.90 | -0.34% |
| Feb 08, 2024 | $2.87 | $2.91 | +1.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Jerash Holdings (US) Inc (JRSH) report earnings?
Jerash Holdings (US) Inc (JRSH) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Jerash Holdings (US) Inc (JRSH) earnings time?
Jerash Holdings (US) Inc (JRSH) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is JRSH EPS forecast?
JRSH EPS forecast for the fiscal quarter 2025 (Q3) is -$0.03.
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