Reckon Past Earnings Performance

Past criteria checks 5/6

Reckon's earnings have been declining at an average annual rate of -9.9%, while the Software industry saw earnings growing at 24.6% annually. Revenues have been declining at an average rate of 10.3% per year. Reckon's return on equity is 24.9%, and it has net margins of 10.4%.

Key information

-9.9%

Earnings growth rate

-9.9%

EPS growth rate

Software Industry Growth	22.1%
Revenue growth rate	-10.3%
Return on equity	24.9%
Net Margin	10.4%
Last Earnings Update	31 Dec 2023

Recent past performance updates

Recent updates

Shareholders May Be More Conservative With Reckon Limited's (ASX:RKN) CEO Compensation For Now

May 19

We Think Reckon (ASX:RKN) Can Stay On Top Of Its Debt

Apr 08

With EPS Growth And More, Reckon (ASX:RKN) Is Interesting

Mar 24

Could Reckon Limited (ASX:RKN) Have The Makings Of Another Dividend Aristocrat?

Mar 09

Is Reckon Limited's (ASX:RKN) ROE Of 38% Impressive?

Feb 22

At AU$0.83, Is It Time To Put Reckon Limited (ASX:RKN) On Your Watch List?

Jan 19

Here's Why Reckon (ASX:RKN) Can Manage Its Debt Responsibly

Dec 28

Reckon's (ASX:RKN) Stock Price Has Reduced 67% In The Past Five Years

Dec 10

Should You Be Impressed By Reckon Limited's (ASX:RKN) ROE?

Nov 22

Revenue & Expenses Breakdown

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

Earnings and Revenue History

ASX:RKN Revenue, expenses and earnings (AUD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	53	6	4
30 Jun 23	52	5	6
31 Mar 23	52	5	6
31 Dec 22	51	5	5
30 Jun 22	50	7	6
31 Mar 22	50	7	6
31 Dec 21	50	6	6
30 Jun 21	60	7	5
31 Mar 21	65	8	5
31 Dec 20	71	8	6
30 Sep 20	74	8	6
30 Jun 20	74	8	6
31 Mar 20	75	8	6
31 Dec 19	75	8	6
30 Sep 19	75	8	7
30 Jun 19	75	8	7
31 Mar 19	75	8	7
31 Dec 18	75	8	7
30 Sep 18	77	7	7
30 Jun 18	78	7	7
31 Mar 18	79	7	7
31 Dec 17	80	7	7
30 Jun 17	50	3	6
31 Mar 17	50	4	6
31 Dec 16	50	4	6
30 Sep 16	81	12	8
30 Jun 16	80	12	7
31 Mar 16	86	13	7
31 Dec 15	91	15	7
30 Sep 15	98	16	7
30 Jun 15	104	17	7
31 Mar 15	102	17	7
31 Dec 14	101	17	7
30 Sep 14	100	17	7
30 Jun 14	100	17	7
31 Mar 14	99	17	7
31 Dec 13	98	18	7
30 Sep 13	98	18	7
30 Jun 13	98	19	6

Quality Earnings: RKN has high quality earnings.

Growing Profit Margin: RKN's current net profit margins (10.4%) are higher than last year (8.9%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: RKN's earnings have declined by 9.9% per year over the past 5 years.

Accelerating Growth: RKN's earnings growth over the past year (22.3%) exceeds its 5-year average (-9.9% per year).

Earnings vs Industry: RKN earnings growth over the past year (22.3%) exceeded the Software industry 12%.

Reckon Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

Full year 2023 earnings: EPS misses analyst expectations

First half 2023 earnings released: EPS: AU$0.037 (vs AU$0.033 in 1H 2022)

Full year 2022 earnings released: EPS: AU$0.04 (vs AU$0.055 in FY 2021)

Full year 2022 earnings released: EPS: AU$0.04 (vs AU$0.086 in FY 2021)

Full year 2021 earnings released: EPS: AU$0.086 (vs AU$0.086 in FY 2020)

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Recent updates

Reckon Limited, Annual General Meeting, May 24, 2024

Reckon Limited, Annual General Meeting, May 24, 2024

Price target increased by 8.8% to AU$0.78

Full year 2023 earnings: EPS misses analyst expectations

Reckon (ASX:RKN) Has Announced That Its Dividend Will Be Reduced To A$0.025

Upcoming dividend of AU$0.025 per share at 8.6% yield

First half 2023 earnings released: EPS: AU$0.037 (vs AU$0.033 in 1H 2022)

Now 21% undervalued after recent price drop

Full year 2022 earnings released: EPS: AU$0.04 (vs AU$0.055 in FY 2021)

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

Full year 2022 earnings released: EPS: AU$0.04 (vs AU$0.086 in FY 2021)

Reckon Limited Declares No Final Dividend for the Year of 2022

Price target increased to AU$1.25

Insufficient new directors

Now 44% undervalued after recent price drop

Upcoming dividend of AU$0.57 per share

Reckon Limited Declares A Special Dividend, 2022, Payable on 21 November 2022

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

Non-Executive Director recently sold AU$255k worth of stock

Upcoming dividend of AU$0.03 per share

Reckon Limited Declares an Interim Fully Franked Dividend for the Six Months Ended June 30, 2022, Payable on 23 September 2022

Access UK Limited completed the acquisition of Accountants Practice Management Group from Reckon Limited (ASX:RKN).

Access UK Limited entered into an agreement to acquire Accountants Practice Management Group from Reckon Limited (ASX:RKN) for $100 million.

Investor sentiment improved over the past week

Insufficient new directors

Full year 2021 earnings released: EPS: AU$0.086 (vs AU$0.086 in FY 2020)

Reckon Limited, Annual General Meeting, May 25, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Reckon Limited Declares Ordinary Dividend for the Six Months Ended December 31, 2021, Payable on March 25, 2022

Investor sentiment improved over the past week

Upcoming dividend of AU$0.03 per share

First half 2021 earnings released: EPS AU$0.046 (vs AU$0.041 in 1H 2020)

Novatti Group Limited (ASX:NOV) completed the acquisition of 19.9% stake in Reckon Limited (ASX:RKN) from institutional investors for AUD 22.5 million.

Investor sentiment improved over the past week

Novatti Group Limited (ASX:NOV) entered into a share purchase agreement to acquire a stake in Reckon Limited (ASX:RKN) from institutional investors for approximately AUD 17 million.

With EPS Growth And More, Reckon (ASX:RKN) Is Interesting

When Should You Buy Reckon Limited (ASX:RKN)?

Shareholders May Be More Conservative With Reckon Limited's (ASX:RKN) CEO Compensation For Now

We Think Reckon (ASX:RKN) Can Stay On Top Of Its Debt

Full year 2020 earnings released: EPS AU$0.086 (vs AU$0.072 in FY 2019)

With EPS Growth And More, Reckon (ASX:RKN) Is Interesting

Could Reckon Limited (ASX:RKN) Have The Makings Of Another Dividend Aristocrat?

NowInfinity Pty Ltd completed the acquisition of ReckonDocs Business from Reckon Limited.

New 90-day low: AU$0.75

Is Reckon Limited's (ASX:RKN) ROE Of 38% Impressive?

Revenue misses expectations

Full year 2020 earnings released: EPS AU$0.086 (vs AU$0.072 in FY 2019)

Price target raised to AU$0.95

NowInfinity Pty Ltd enter into an agreement to acquire ReckonDocs Business from Reckon Limited for AUD 13 million.

Reckon Limited (ASX:RKN) completed the acquisition of ZebraWorks, Inc.

New 90-day high: AU$0.90

At AU$0.83, Is It Time To Put Reckon Limited (ASX:RKN) On Your Watch List?

New 90-day high: AU$0.83

Here's Why Reckon (ASX:RKN) Can Manage Its Debt Responsibly

Reckon's (ASX:RKN) Stock Price Has Reduced 67% In The Past Five Years

Should You Be Impressed By Reckon Limited's (ASX:RKN) ROE?

New 90-day high - AU$0.87

New 90-day high - AU$0.85

First half earnings released

New 90-day high - AU$0.78

Reckon Limited (ASX:RKN) sign an agreement to acquire ZebraWorks, Inc

Revenue & Expenses Breakdown

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets