Iress Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Iress (ASX:IRE) Full Year 2024 Results

Key Financial Results

• Revenue: AU$604.6m (down 3.4% from FY 2023).
• Net income: AU$88.7m (up from AU$137.5m loss in FY 2023).
• Profit margin: 15% (up from net loss in FY 2023).
• EPS: AU$0.48 (up from AU$0.76 loss in FY 2023).

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

Iress EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 7.8%. Earnings per share (EPS) exceeded analyst estimates by 25%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 16% growth forecast for the Software industry in Australia.

Performance of the Australian Software industry.

The company's shares are down 19% from a week ago.

Valuation

Our analysis of these results suggests Iress may be undervalued based on 6 important criteria we look at. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.