IPH Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

IPH (ASX:IPH) Full Year 2024 Results

Key Financial Results

• Revenue: AU$605.6m (up 25% from FY 2023).
• Net income: AU$60.8m (down 5.7% from FY 2023).
• Profit margin: 10.0% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: AU$0.25 (down from AU$0.29 in FY 2023).

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

IPH Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates by 2.0%.

The primary driver behind last 12 months revenue was the Intellectual Property Services - Australia & New Zealand segment contributing a total revenue of AU$295.1m (49% of total revenue). The largest operating expense was General & Administrative costs, amounting to AU$168.4m (51% of total expenses). Explore how IPH's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Professional Services industry in Australia.

Performance of the Australian Professional Services industry.

The company's shares are up 6.2% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for IPH that you need to be mindful of.

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