Dicker Data First Half 2024 Earnings: Revenues Beat Expectations, EPS Lags

Dicker Data (ASX:DDR) First Half 2024 Results

Key Financial Results

• Revenue: AU$1.08b (down 2.2% from 1H 2023).
• Net income: AU$35.4m (down 5.8% from 1H 2023).
• Profit margin: 3.3% (down from 3.4% in 1H 2023). The decrease in margin was driven by lower revenue.
• EPS: AU$0.20 (down from AU$0.21 in 1H 2023).

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

Dicker Data Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) missed analyst estimates by 6.4%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Australia.

Performance of the Australian Electronic industry.

The company's shares are down 13% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Dicker Data (at least 1 which is potentially serious), and understanding them should be part of your investment process.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.