NEXTDC Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

NEXTDC (ASX:NXT) Full Year 2024 Results

Key Financial Results

• Revenue: AU$404.3m (up 12% from FY 2023).
• Net loss: AU$44.1m (loss widened by 100% from FY 2023).
• AU$0.083 loss per share (further deteriorated from AU$0.048 loss in FY 2023).

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

NEXTDC EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 5.3%.

The primary driver behind last 12 months revenue was the Nsw/act segment contributing a total revenue of AU$203.7m (50% of total revenue). The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to AU$167.7m (56% of total expenses). Explore how NXT's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 15% growth forecast for the IT industry in Australia.

Performance of the Australian IT industry.

The company's shares are down 4.3% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for NEXTDC that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.