COG Financial Services Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

COG Financial Services (ASX:COG) Full Year 2024 Results

Key Financial Results

• Revenue: AU$499.0m (up 36% from FY 2023).
• Net income: AU$12.9m (up 60% from FY 2023).
• Profit margin: 2.6% (up from 2.2% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: AU$0.067 (up from AU$0.043 in FY 2023).

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

COG Financial Services Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 22%.

Looking ahead, revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Capital Markets industry in Australia.

Performance of the Australian Capital Markets industry.

The company's shares are down 4.2% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for COG Financial Services (1 is a bit unpleasant) 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.