Smart Parking Full Year 2024 Earnings: Misses Expectations

Smart Parking (ASX:SPZ) Full Year 2024 Results

Key Financial Results

• Revenue: AU$54.3m (up 20% from FY 2023).
• Net income: AU$3.70m (down 42% from FY 2023).
• Profit margin: 6.8% (down from 14% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: AU$0.011 (down from AU$0.018 in FY 2023).

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

Smart Parking Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 30%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Commercial Services industry in Australia.

Performance of the Australian Commercial Services industry.

The company's shares are down 5.3% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Smart Parking has 1 warning sign we think you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.