ARN Media (ASX:A1N) First Half 2024 Results
Key Financial Results
- Revenue: AU$168.1m (up 1.3% from 1H 2023).
- Net income: AU$5.36m (down 90% from 1H 2023).
- Profit margin: 3.2% (down from 32% in 1H 2023).
- EPS: AU$0.018 (down from AU$0.17 in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ARN Media EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 33%.
Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Media industry in Australia.
Performance of the Australian Media industry.
The company's shares are down 13% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for ARN Media (1 can't be ignored!) that we have uncovered.
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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.
About ASX:A1N
ARN Media
Operates as a media and entertainment company in Australia and Hong Kong.
Adequate balance sheet with moderate growth potential.
