Money Forward Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St · 10/17 22:54

Money Forward (TSE:3994) Third Quarter 2024 Results

Key Financial Results

  • Revenue: JP¥9.81b (up 31% from 3Q 2023).
  • Net loss: JP¥1.11b (loss narrowed by 28% from 3Q 2023).
  • JP¥20.45 loss per share (improved from JP¥28.73 loss in 3Q 2023).
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TSE:3994 Earnings and Revenue Growth October 17th 2024

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

Money Forward Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 9.1%.

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan.

Performance of the Japanese Software industry.

The company's shares are down 7.3% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Money Forward's balance sheet and an in-depth analysis of the company's financial position.