Change Financial Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St · 08/30 20:17

Change Financial (ASX:CCA) Full Year 2024 Results

Key Financial Results

  • Revenue: US$10.6m (up 22% from FY 2023).
  • Net loss: US$2.57m (loss narrowed by 12% from FY 2023).
  • US$0.004 loss per share (improved from US$0.005 loss in FY 2023).
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ASX:CCA Earnings and Revenue Growth August 30th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Change Financial Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) missed analyst estimates by 52%.

Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 9.4% decline forecast for the Diversified Financial industry in Australia.

Performance of the Australian Diversified Financial industry.

The company's shares are down 6.7% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Change Financial that you need to be mindful of.