Australian Finance Group Full Year 2024 Earnings: Misses Expectations

Simply Wall St · 08/30 20:29

Australian Finance Group (ASX:AFG) Full Year 2024 Results

Key Financial Results

  • Revenue: AU$1.07b (up 7.2% from FY 2023).
  • Net income: AU$29.0m (down 22% from FY 2023).
  • Profit margin: 2.7% (down from 3.7% in FY 2023). The decrease in margin was driven by higher expenses.
  • EPS: AU$0.11 (down from AU$0.14 in FY 2023).
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ASX:AFG Earnings and Revenue Growth August 30th 2024

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

Australian Finance Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 19%.

Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 2 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 up 6.3% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Australian Finance Group you should be aware of, and 1 of them is a bit concerning.