TPG Telecom First Half 2024 Earnings: EPS Beats Expectations, Revenues Lag

TPG Telecom (ASX:TPG) First Half 2024 Results

Key Financial Results

• Revenue: AU$2.72b (flat on 1H 2023).
• Net income: AU$29.0m (down 40% from 1H 2023).
• Profit margin: 1.1% (down from 1.8% in 1H 2023).
• EPS: AU$0.016 (down from AU$0.026 in 1H 2023).

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

TPG Telecom EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Telecom industry in Australia.

Performance of the Australian Telecom industry.

The company's shares are up 8.8% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for TPG Telecom that we have uncovered.

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