Yahoo Finance Webjet Full Year 2024 Earnings: EPS Misses Expectations
Webjet (ASX:WEB) Full Year 2024 Results
Key Financial Results
Revenue: AU$471.5m (up 29% from FY 2023).
Net income: AU$72.7m (up 401% from FY 2023).
Profit margin: 15% (up from 4.0% in FY 2023). The increase in margin was driven by higher revenue.
EPS: AU$0.19 (up from AU$0.038 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Webjet EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 32%.
The primary driver behind last 12 months revenue was the Business to Business Travel (B2B) segment contributing a total revenue of AU$327.9m (70% of total revenue). The largest operating expense was General & Administrative costs, amounting to AU$104.6m (44% of total expenses). Explore how WEB's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Hospitality industry in Australia.
Performance of the Australian Hospitality industry.
The company's shares are up 4.3% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. See our latest analysis on Webjet's balance sheet health.
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