Helia Group First Half 2024 Earnings: Misses Expectations

Helia Group (ASX:HLI) First Half 2024 Results

Key Financial Results

• Revenue: AU$224.1m (down 15% from 1H 2023).
• Net income: AU$97.0m (down 34% from 1H 2023).
• Profit margin: 43% (down from 56% in 1H 2023). The decrease in margin was primarily driven by lower revenue.
• EPS: AU$0.33 (down from AU$0.44 in 1H 2023).

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

Helia Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 54%. Earnings per share (EPS) also missed analyst estimates by 6.9%.

Looking ahead, revenue is expected to fall by 8.4% p.a. on average during the next 3 years compared to a 9.3% decline forecast for the Diversified Financial industry in Australia.

Performance of the Australian Diversified Financial industry.

The company's shares are up 1.5% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Helia Group (1 makes us a bit uncomfortable!) that you should be aware of before investing here.

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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.