IDP Education Full Year 2024 Earnings: EPS Misses Expectations

IDP Education (ASX:IEL) Full Year 2024 Results

Key Financial Results

• Revenue: AU$1.04b (up 5.6% from FY 2023).
• Net income: AU$132.7m (down 11% from FY 2023).
• Profit margin: 13% (down from 15% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: AU$0.48 (down from AU$0.53 in FY 2023).

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

IDP Education EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.4%.

The primary driver behind last 12 months revenue was the Asia segment contributing a total revenue of AU$742.1m (72% of total revenue). Notably, cost of sales worth AU$699.8m amounted to 67% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling AU$83.1m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how IEL's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Consumer Services industry in Australia.

Performance of the Australian Consumer Services industry.

The company's shares are up 5.7% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of IDP Education's balance sheet and an in-depth analysis of the company's financial position.

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