Bellway Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St · 10/16 05:05

Bellway (LON:BWY) Full Year 2024 Results

Key Financial Results

  • Revenue: UK£2.38b (down 30% from FY 2023).
  • Net income: UK£130.5m (down 64% from FY 2023).
  • Profit margin: 5.5% (down from 11% in FY 2023). The decrease in margin was driven by lower revenue.
  • EPS: UK£1.10 (down from UK£2.98 in FY 2023).
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LSE:BWY Earnings and Revenue Growth October 16th 2024

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

Bellway Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Consumer Durables industry in the United Kingdom.

Performance of the British Consumer Durables industry.

The company's shares are up 8.2% from a week ago.

Valuation

Following the latest earnings results, Bellway may be overvalued based on 6 different valuation benchmarks we assess. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.