Stock Analysis
Macquarie Technology Group Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag
Macquarie Technology Group (ASX:MAQ) Full Year 2024 Results
Key Financial Results
- Revenue: AU$363.3m (up 5.3% from FY 2023).
- Net income: AU$33.0m (up 87% from FY 2023).
- Profit margin: 9.1% (up from 5.1% in FY 2023).
- EPS: AU$1.35 (up from AU$0.82 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Macquarie Technology Group EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 7.7%.
The primary driver behind last 12 months revenue was the Cloud Services & Government segment contributing a total revenue of AU$206.3m (57% of total revenue). Notably, cost of sales worth AU$215.0m amounted to 59% of total revenue thereby underscoring the impact on earnings.Explore how MAQ's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 15% growth forecast for the IT industry in Australia.
Performance of the Australian IT industry.
The company's shares are down 10% from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for Macquarie Technology Group (1 is a bit unpleasant!) 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.
About ASX:MAQ
Macquarie Technology Group
Provides telecommunication, cloud computing, cybersecurity, and data center services to corporate and government customers in Australia.
