FleetPartners Group First Half 2024 Earnings: Revenues Beat Expectations, EPS In Line

FleetPartners Group (ASX:FPR) First Half 2024 Results

Key Financial Results

• Revenue: AU$367.5m (up 12% from 1H 2023).
• Net income: AU$36.5m (down 7.4% from 1H 2023).
• Profit margin: 9.9% (down from 12% in 1H 2023). The decrease in margin was driven by higher expenses.
• EPS: AU$0.15.

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

FleetPartners Group Revenues Beat Expectations

Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Finance industry in Australia.

Performance of the Australian Consumer Finance industry.

The company's shares are down 10% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with FleetPartners Group, and understanding them should be part of your investment process.

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