Tower Past Earnings Performance

Past criteria checks 5/6

Tower has been growing earnings at an average annual rate of 2.9%, while the Insurance industry saw earnings growing at 11% annually. Revenues have been growing at an average rate of 8.4% per year. Tower's return on equity is 10.4%, and it has net margins of 7.6%.

Key information

2.9%

Earnings growth rate

1.4%

EPS growth rate

Insurance Industry Growth	7.6%
Revenue growth rate	8.4%
Return on equity	10.4%
Net Margin	7.6%
Last Earnings Update	31 Mar 2024

Recent past performance updates

Recent updates

Market Still Lacking Some Conviction On Tower Limited (NZSE:TWR)

Apr 16

Should Shareholders Reconsider Tower Limited's (NZSE:TWR) CEO Compensation Package?

Feb 21

Trade Alert: The Chief Executive Officer Of Tower Limited (NZSE:TWR), Blair Turnbull, Has Just Spent NZ$71k Buying 58% More Shares

Mar 03

Do Institutions Own Tower Limited (NZSE:TWR) Shares?

Feb 17

Tower's(NZSE:TWR) Share Price Is Down 61% Over The Past Five Years.

Jan 24

Has Tower Limited's (NZSE:TWR) Impressive Stock Performance Got Anything to Do With Its Fundamentals?

Dec 30

Have Insiders Been Buying Tower Limited (NZSE:TWR) Shares This Year?

Dec 09

Revenue & Expenses Breakdown

How Tower makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NZSE:TWR Revenue, expenses and earnings (NZD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Mar 24	456	35	0
31 Dec 23	434	19	0
30 Sep 23	412	2	0
30 Jun 23	428	13	0
31 Mar 23	416	15	0
31 Dec 22	385	16	0
30 Sep 22	355	17	0
31 Mar 22	338	10	0
31 Dec 21	337	14	0
30 Sep 21	335	18	0
30 Jun 21	337	12	2
31 Mar 21	333	7	3
31 Dec 20	330	9	3
30 Sep 20	327	11	3
30 Jun 20	323	15	2
31 Mar 20	319	19	2
31 Dec 19	311	18	3
30 Sep 19	303	17	4
30 Jun 19	297	16	27
31 Mar 19	292	16	50
31 Dec 18	287	5	82
30 Sep 18	282	-7	113
30 Jun 18	278	-9	107
31 Mar 18	274	-12	102
31 Dec 17	271	-10	92
30 Sep 17	268	-8	82
30 Jun 17	266	-15	84
31 Mar 17	265	-22	87
31 Dec 16	266	-22	87
30 Sep 16	266	-22	87
30 Jun 16	266	-17	90
31 Mar 16	265	-12	92
31 Dec 15	265	-10	90
30 Sep 15	266	-8	88
30 Jun 15	265	-1	87
31 Mar 15	264	6	86
31 Dec 14	259	14	84
30 Sep 14	255	21	82
30 Jun 14	250	20	79
31 Mar 14	245	20	76
31 Dec 13	241	10	76
30 Sep 13	237	0	75

Quality Earnings: TWR has high quality earnings.

Growing Profit Margin: TWR's current net profit margins (7.6%) are higher than last year (3.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: TWR's earnings have grown by 2.9% per year over the past 5 years.

Accelerating Growth: TWR's earnings growth over the past year (128.6%) exceeds its 5-year average (2.9% per year).

Earnings vs Industry: TWR earnings growth over the past year (128.6%) exceeded the Insurance industry 85.9%.

Tower Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

Tower Limited to Report First Half, 2024 Results on May 28, 2024

Tower Limited to Report Fiscal Year 2023 Results on Nov 23, 2023

First half 2023 earnings released: NZ$0.02 loss per share (vs NZ$0.007 profit in 1H 2022)

Full year 2022 earnings: EPS and revenues miss analyst expectations

Tower Limited to Report Fiscal Year 2022 Results on Nov 23, 2022

First half 2022 earnings released

Recent updates

Tower Limited Updates Earnings Guidance for the Year Ending September 30, 2024

Upcoming dividend of NZ$0.03 per share

Price target increased by 18% to NZ$0.90

Tower Limited to Report First Half, 2024 Results on May 28, 2024

Market Still Lacking Some Conviction On Tower Limited (NZSE:TWR)

Consensus EPS estimates increase by 81%

Tower Limited Revises Earnings Guidance for the Fiscal Year 2024

Capital Insurance Group agreed to acquire TOWER Insurance (Vanuatu) Limited from Tower Limited (NZSE:TWR).

Tower Limited, Annual General Meeting, Feb 21, 2024

Consensus EPS estimates fall by 17%

New minor risk - Earnings quality

Tower Limited Announces Board Changes

Tower Limited to Report Fiscal Year 2023 Results on Nov 23, 2023

Tower Limited Revises Earnings Guidance for the Full Year of 2023

Consensus EPS estimates have been downgraded.

Price target decreased by 7.1% to NZ$0.78

First half 2023 earnings released: NZ$0.02 loss per share (vs NZ$0.007 profit in 1H 2022)

Price target decreased by 9.1% to NZ$0.80

Consensus EPS estimates fall by 49%, revenue upgraded

Tower Limited Provides Earnings Guidance for the First Half of Fiscal Year 2023

Consensus EPS estimates fall by 12%, revenue upgraded

Should Shareholders Reconsider Tower Limited's (NZSE:TWR) CEO Compensation Package?

Consensus EPS estimates fall by 15%

Tower Limited Reaffirms Earnings Guidance for the Fiscal Year 2023

Upcoming dividend of NZ$0.04 per share

Chief Executive Officer recently sold NZ$82k worth of stock

Tower Limited, Annual General Meeting, Feb 28, 2023

Full year 2022 earnings: EPS and revenues miss analyst expectations

Tower Limited Announces Dividend for the Six Months Ended September 30, 2022, Payable on February 1, 2023

Alpha Insurance Limited completed the acquisition of TOWER Insurance (PNG) Limited from Tower Limited (NZSE:TWR) for approximately AUD 10 million.

Tower Limited to Report Fiscal Year 2022 Results on Nov 23, 2022

Tower Limited Provides Dividend Guidance for the Year to 30 September 2022

Tower Limited Announces the Appointment of Geraldine McBride as a Non-Executive Director

Tower Limited Announces Interim Dividend for the Period Ended March 31, 2022, Payable on June 30, 2022

Alpha Insurance Limited agreed to acquire TOWER Insurance (PNG) Limited from Tower Limited (NZSE:TWR) for AUD 7.9 million.

Alpha Insurance Limited agreed to acquire TOWER Insurance (PNG) Limited from Tower Limited (NZSE:TWR) for AUD 7.9 million.

Upcoming dividend of NZ$0.025 per share

Tower Limited Announces Retirement of Warren Lee as Director

Tower Limited (NZSE:TWR) agreed to acquire Portfolio of insurance business of TSB Bank Limited from TSB Bank Limited for Approximately NZD 5 million.

Price target decreased to NZ$0.90

Tower Limited Provides Dividend Guidance for the Fiscal Year 2022

First half 2022 earnings released

Tower Limited Announces Dividend for Six Months Ended March 31, 2022, Payable on June 30, 2022

Insufficient new directors

Tower Limited to Report Q2, 2022 Results on May 26, 2022

Tower Limited Provides Earnings Guidance for the Year 2022

Insufficient new directors

Upcoming dividend of NZ$0.025 per share

Full year 2021 earnings: EPS and revenues miss analyst expectations

Price target decreased to NZ$1.00

Upcoming dividend of NZ$0.025 per share

First half 2021 earnings released: EPS NZ$0.027 (vs NZ$0.035 in 1H 2020)

Chief Executive Officer recently bought NZ$69k worth of stock

Tower Confirms Interim Dividend, Payable on 14 July, 2021

Consensus forecasts updated

Tower Limited to Declare an Interim Dividend

Trade Alert: The Chief Executive Officer Of Tower Limited (NZSE:TWR), Blair Turnbull, Has Just Spent NZ$71k Buying 58% More Shares

Chief Executive Officer recently bought NZ$71k worth of stock

Price target raised to NZ$1.15

Analysts update estimates

New 90-day high: NZ$0.73

Do Institutions Own Tower Limited (NZSE:TWR) Shares?

Tower's(NZSE:TWR) Share Price Is Down 61% Over The Past Five Years.

Has Tower Limited's (NZSE:TWR) Impressive Stock Performance Got Anything to Do With Its Fundamentals?

Tower Limited, Annual General Meeting, Feb 23, 2021

Have Insiders Been Buying Tower Limited (NZSE:TWR) Shares This Year?

Independent Non-Executive Director recently bought NZ$62k worth of stock

Independent Chairman recently bought NZ$120k worth of stock

Revenue and earnings miss expectations