Yahoo Finance Severn Trent Full Year 2024 Earnings: EPS Misses Expectations
Severn Trent (LON:SVT) Full Year 2024 Results
Key Financial Results
Revenue: UK£2.34b (up 8.0% from FY 2023).
Net income: UK£140.2m (up 6.1% from FY 2023).
Profit margin: 6.0% (down from 6.1% in FY 2023). The decrease in margin was driven by higher expenses.
EPS: UK£0.51.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Severn Trent EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%.
The primary driver behind last 12 months revenue was the Regulated Water and Waste Water segment contributing a total revenue of UK£2.15b (92% of total revenue). Notably, cost of sales worth UK£1.80b amounted to 77% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling UK£355.7m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how SVT's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Global Water Utilities industry.
Performance of the market in the United Kingdom.
The company's shares are up 2.7% from a week ago.
Risk Analysis
We should say that we've discovered 3 warning signs for Severn Trent (2 can't be ignored!) that you should be aware of before investing here.
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