Macquarie Group Future Growth

Future criteria checks 2/6

Macquarie Group is forecast to grow earnings and revenue by 9.9% and 6% per annum respectively. EPS is expected to grow by 9.5% per annum. Return on equity is forecast to be 14% in 3 years.

Key information

9.9%

Earnings growth rate

9.5%

EPS growth rate

Capital Markets earnings growth	12.1%
Revenue growth rate	6.0%
Future return on equity	14.0%
Analyst coverage	Good
Last updated	04 Nov 2024

Recent future growth updates

Recent updates

Macquarie Group Limited's (ASX:MQG) CEO Compensation Is Looking A Bit Stretched At The Moment

Jul 18

Macquarie Group (ASX:MQG) Will Pay A Smaller Dividend Than Last Year

Nov 05

Here's Why We Think Macquarie Group (ASX:MQG) Might Deserve Your Attention Today

Oct 13

If EPS Growth Is Important To You, Macquarie Group (ASX:MQG) Presents An Opportunity

Jun 29

Macquarie Group's (ASX:MQG) Upcoming Dividend Will Be Larger Than Last Year's

May 08

With EPS Growth And More, Macquarie Group (ASX:MQG) Makes An Interesting Case

Feb 16

Earnings and Revenue Growth Forecasts

ASX:MQG - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2027	19,981	4,811	N/A	N/A	6
3/31/2026	19,025	4,469	N/A	N/A	6
3/31/2025	17,371	3,736	N/A	N/A	6
9/30/2024	17,235	3,573	-29,083	-27,500	N/A
6/30/2024	17,075	3,479	-24,305	-22,535	N/A
3/31/2024	16,915	3,385	-19,527	-17,570	N/A
12/31/2023	17,673	3,767	-29,021	-27,329	N/A
9/30/2023	18,430	4,149	-36,012	-34,585	N/A
6/30/2023	18,786	4,582	-40,624	-39,498	N/A
3/31/2023	19,141	5,015	-45,236	-44,412	N/A
12/31/2022	18,658	4,915	-17,782	-16,939	N/A
9/30/2022	18,174	4,814	9,671	10,533	N/A
6/30/2022	17,789	4,687	20,840	21,760	N/A
3/31/2022	17,403	4,559	32,009	32,986	N/A
12/31/2021	16,328	4,250	21,296	22,247	N/A
9/30/2021	15,253	3,941	10,583	11,508	N/A
6/30/2021	14,087	3,429	-2,265	-1,422	N/A
3/31/2021	12,920	2,916	-15,114	-14,353	N/A
12/31/2020	12,280	2,551	-12,931	-12,138	N/A
9/30/2020	11,639	2,185	-10,748	-9,924	N/A
6/30/2020	11,984	2,411	-5,357	-4,362	N/A
3/31/2020	12,328	2,636	34	1,199	N/A
12/31/2019	12,728	2,823	-5,313	-4,409	N/A
9/30/2019	13,128	3,009	-10,661	-10,018	N/A
6/30/2019	12,852	2,936	-9,487	-8,849	N/A
3/31/2019	12,576	2,862	-8,314	-7,681	N/A
12/31/2018	11,634	2,686	-2,911	-2,217	N/A
9/30/2018	10,691	2,509	2,492	3,246	N/A
6/30/2018	10,566	2,477	N/A	3,516	N/A
3/31/2018	10,440	2,445	N/A	3,785	N/A
12/31/2017	10,361	2,375	N/A	-2,503	N/A
9/30/2017	10,282	2,304	N/A	-8,792	N/A
6/30/2017	10,106	2,208	N/A	-10,030	N/A
3/31/2017	9,930	2,112	N/A	-11,269	N/A
12/31/2016	9,869	2,028	N/A	-2,531	N/A
9/30/2016	9,807	1,944	N/A	6,207	N/A
6/30/2016	9,945	1,948	N/A	9,515	N/A
3/31/2016	10,083	1,951	N/A	12,823	N/A
12/31/2015	10,266	1,913	N/A	7,348	N/A
9/30/2015	10,448	1,875	N/A	1,873	N/A
6/30/2015	9,939	1,686	N/A	-270	N/A
3/31/2015	9,430	1,497	N/A	-2,413	N/A
12/31/2014	9,100	1,419	N/A	-2,298	N/A
9/30/2014	8,769	1,340	N/A	-2,183	N/A
6/30/2014	8,465	1,257	N/A	-1,324	N/A
3/31/2014	8,160	1,174	N/A	-466	N/A
12/31/2013	7,732	1,077	N/A	N/A	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MQG's forecast earnings growth (9.9% per year) is above the savings rate (2.6%).

Earnings vs Market: MQG's earnings (9.9% per year) are forecast to grow slower than the Australian market (12.3% per year).

High Growth Earnings: MQG's earnings are forecast to grow, but not significantly.

Revenue vs Market: MQG's revenue (6% per year) is forecast to grow faster than the Australian market (5.6% per year).

High Growth Revenue: MQG's revenue (6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MQG's Return on Equity is forecast to be low in 3 years time (14%).

Macquarie Group Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 12%

Consensus EPS estimates increase by 11%

Recent updates

Macquarie Group Limited to Report Fiscal Year 2025 Results on May 09, 2025

Macquarie Group Limited Relocates Its New York City Office to 660 Fifth Avenue

Macquarie Group Limited (ASX:MQG) and Engie SA (ENXTPA:ENGI) agreed to acquire Tag Pipelines Sur, S. De R.L. De C.V.

Stonepeak Reportedly Fourth Shortlisted Bidder to Buy O2 Power in $1 Billion Deal

I Squared, JSW Neo and Macquarie Reportedly Shortlisted to Buy O2 Power in $1-Billion Deal

Now 21% overvalued after recent price rise

Blackstone Reportedly Nears $13.5 Billion Deal to Buy AirTrunk

Blackstone Reportedly Nears $13.5 Billion Deal to Buy AirTrunk

Macquarie and Wesfarmers Reportedly Join the Race for $3 Billion I-MED Sale

JD Sports Fashion Plc (LSE:JD.) completed the acquisition of Hibbett, Inc. (NasdaqGS:HIBB) from a group of sellers.

Macquarie Group Limited's (ASX:MQG) CEO Compensation Is Looking A Bit Stretched At The Moment

Now 22% overvalued after recent price rise

Macquarie Group Limited (ASX:MQG)acquired Kalkomey Enterprises, LLC from Cove Hill Partners, L.P.

Now 20% overvalued

Macquarie Group Limited, Annual General Meeting, Jul 25, 2024

Final dividend of AU$3.85 announced

Full year 2024 earnings released: EPS: AU$9.17 (vs AU$13.54 in FY 2023)

Macquarie and PSP Reportedly Start AirTrunk Data Centre Sales Process

Macquarie Reportedly Plans to Cut Stake in Cadent

Macquarie Group Announces Nicola Wakefield Evans to Retire from the Board, Effective on 29 February 2024

Now 20% overvalued after recent price rise

Kimco Realty Corporation (NYSE:KIM) completed the acquisition of RPT Realty (NYSE:RPT) from a group of shareholders.

Global Hydrogen Energy LLC completed the acquisition of Dune Acquisition Corporation (NasdaqCM:DUNE) from Dune Acquisition Holdings LLC and others in a reverse merger transaction.

Macquarie Group Limited to Report First Half, 2025 Results on Nov 01, 2024

Macquarie Group Limited to Report Fiscal Year 2024 Results on May 03, 2024

Macquarie Group Limited Announces Dividend on MQGPD - CAP NOTE 3-BBSW+4.15% PERP NON-CUM RED T-09-26, Payable on March 11, 2024

Forsyth Barr Group Limited acquired Macquarie Equities New Zealand Limited from Macquarie Group Limited (ASX:MQG).

Macquarie Reportedly Joins the Contest for Cura Group

Consensus EPS estimates fall by 12%

Upcoming dividend of AU$2.55 per share at 4.6% yield

Macquarie Group (ASX:MQG) Will Pay A Smaller Dividend Than Last Year

First half 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Macquarie Group Limited Announces Dividend for the Six Months Ended September 30, 2023, Payable on December 19, 2023

Macquarie Group Limited (ASX:MQG) announces an Equity Buyback for AUD 2,000 million worth of its shares.

Brookfield and Antin Reportedly Eye Bids for Germany's Techem

Here's Why We Think Macquarie Group (ASX:MQG) Might Deserve Your Attention Today

Macquarie Reportedly Weighs Sale of Stake in UK Offshore Wind Farm Race Bank

Ramsay Sime Darby Health Care Reportedly to Call Financial Bids for over $1.0 Billion Sale in October

Digi Reportedly in Talks with Macquarie, Abrdn to Sell Stake in Fibre Network

Macquarie, Columbia Asia Reportedly Among Bidders for Ramsay-Sime Darby $1.3 Billion Healthcare JV

Macquarie Capital Appoints Christopher Hieb as Managing Director, CIM

CEO, MD & Executive Voting Director exercised options to buy AU$2.9m worth of stock.

Macquarie Reportedly No Longer in the Final Stages of the Competition for Alinta and Weighing Options to Partner with Another Contender

If EPS Growth Is Important To You, Macquarie Group (ASX:MQG) Presents An Opportunity

Macquarie Group Limited, Annual General Meeting, Jul 27, 2023

Macquarie Group Limited Appoints Lloyd-Hurwitz as an Independent Director, Effective 1 June 2023

Independent Non Executive Director recently bought AU$130k worth of stock

Wesfarmers Reportedly Among Suitors for Alinta Assets