Latitude Group Holdings Past Earnings Performance

Past criteria checks 0/6

Latitude Group Holdings's earnings have been declining at an average annual rate of -56.8%, while the Consumer Finance industry saw earnings growing at 5.7% annually. Revenues have been declining at an average rate of 21.1% per year.

Key information

-56.8%

Earnings growth rate

-80.8%

EPS growth rate

Consumer Finance Industry Growth	8.3%
Revenue growth rate	-21.1%
Return on equity	-3.0%
Net Margin	-8.6%
Last Earnings Update	30 Jun 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Latitude Group Holdings makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

ASX:LFS Revenue, expenses and earnings (AUD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 24	423	-36	366
31 Mar 24	415	-87	379
31 Dec 23	407	-137	392
30 Sep 23	432	-105	373
30 Jun 23	456	-79	363
31 Mar 23	520	-10	361
31 Dec 22	585	59	358
30 Sep 22	625	85	351
30 Jun 22	665	111	344
31 Mar 22	667	128	329
31 Dec 21	669	145	314
30 Sep 21	690	145	317
30 Jun 21	710	145	320
31 Mar 21	661	96	326
31 Dec 20	613	47	332
31 Dec 19	681	29	204
31 Dec 18	632	51	228
31 Dec 17	587	18	210

Quality Earnings: LFS is currently unprofitable.

Growing Profit Margin: LFS is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: LFS is unprofitable, and losses have increased over the past 5 years at a rate of 56.8% per year.

Accelerating Growth: Unable to compare LFS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: LFS is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Finance industry (-43.5%).

Return on Equity

High ROE: LFS has a negative Return on Equity (-2.97%), as it is currently unprofitable.

Latitude Group Holdings Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

Latitude Group Holdings Limited to Report First Half, 2024 Results on Aug 23, 2024

Latitude Group Holdings Limited to Report Fiscal Year 2023 Results on Feb 23, 2024

Latitude Group Holdings Limited to Report First Half, 2023 Results on Aug 18, 2023

Latitude Group Holdings Limited to Report Fiscal Year 2022 Results on Feb 17, 2023

Recent updates

Latitude Group Holdings Appoints Stefano Tognon as Interim Chief Financial Officer, Effective 1 January 2025

Latitude Group Holdings Limited Announces Step Down of Aneek Mamik from the Board

Latitude Group Holdings Limited to Report First Half, 2024 Results on Aug 23, 2024

MD, CEO & Director recently sold AU$1.5m worth of stock

Paul Varro to Depart as Chief Financial Officer of Latitude Group Holdings Limited in December 2024

Latitude Group Holdings Limited, Annual General Meeting, Apr 24, 2024

MD & CEO recently sold AU$1.7m worth of stock

Price target increased by 7.2% to AU$1.00

Latitude Group Holdings Limited to Report Fiscal Year 2023 Results on Feb 23, 2024

High number of new directors

Latitude Group Holdings Limited Director Changes, Effective 16 October 2023

Latitude Group Holdings Limited Reaffirms Earnings Guidance for the Year 2023

Latitude Group Holdings Limited to Report First Half, 2023 Results on Aug 18, 2023

St Andrew's Insurance plc completed the acquisition of Latitude Insurance Holdings Pty. Ltd. from Latitude Group Holdings Limited (ASX:LFS) for AUD 21.3 million.

Price target decreased by 12% to AU$1.00

Consensus EPS estimates increase by 31%

High number of new directors

Consensus EPS estimates increase by 77%

Price target decreased by 19% to AU$1.20

Upcoming dividend of AU$0.04 per share at 6.7% yield

Consensus revenue estimates fall by 10%

Latitude Group Holdings Limited Announces Dividend for the Six Months Period Ended December 31, 2022, Payable on April 24, 2023

Latitude Group Holdings Limited Director Changes

Latitude Group Holdings Limited to Report Fiscal Year 2022 Results on Feb 17, 2023

Latitude Group Holdings Limited Appoints Tiffany Barton as Company Secretary of Latitude with Effect from December 2, 2022

Less than half of directors are independent

Non-Executive Director recently bought AU$101k worth of stock

Latitude Group Holdings Limited Announces Actual Dividend, Payable on 27 January 2023

Latitude Group Holdings Limited Announces Resignation of Adrian Wong as Company Secretary, Effective from 31 October 2022

Latitude Group Holdings Limited Announces Appointment of Julie Raffe as a Non-Executive Board Director

Upcoming dividend of AU$0.079 per share

Consensus revenue estimates fall by 14%

Latitude Group Holdings Limited Announces Ordinary Dividend for the Six Months Period Ended June 30, 2022, Payable on October 26, 2022

St Andrew's Insurance plc entered into an agreement to acquire Latitude Insurance Holdings Pty. Ltd. from Latitude Group Holdings Limited (ASX:LFS) for AUD 20.3 million.

Investor sentiment improved over the past week

Latitude Group Holdings Limited Announces Company Secretary Change

Investor sentiment deteriorated over the past week

Consensus forecasts updated

Less than half of directors are independent

MD, CEO & Director recently bought AU$61k worth of stock

MD, CEO & Director recently bought AU$400k worth of stock

Latitude Group Holdings Limited Estimates Dividend for the Six Months Period Ended December 31, 2021, Payable on April 22, 2022

Latitude Group Holdings Limited Announces Ordinary Distribution for the Quarter Ending April 26, 2022, Payable on April 27, 2022

Latitude Group Holdings Limited (ASX:LFS) signed non binding heads of agreement to acquire Consumer Business from Humm Group Limited (ASX:HUM) for approximately AUD 330 million.

Latitude Group Holdings Limited agreed to acquire Symple Financial Group Limited for AUD 200 million.

Latitude Group Holdings Limited (ASX:LFS) agreed to acquire Symple Loans Pty Ltd for approximately AUD 190 million.

Latitude Group Holdings Limited Provides Earnings Guidance for the Six Months Ended June 30, 2021

Latitude Group Holdings Limited to Declare an Unfranked Dividend for the First Half of Fiscal Year 2021

Revenue & Expenses Breakdown

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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