WiseTech Global Full Year 2024 Earnings: Revenues Disappoint

Simply Wall St

August 21, 2024

WiseTech Global (ASX:WTC) Full Year 2024 Results

Key Financial Results

Revenue: AU$1.04b (up 28% from FY 2023).
Net income: AU$262.8m (up 24% from FY 2023).
Profit margin: 25% (in line with FY 2023).
EPS: AU$0.79 (up from AU$0.65 in FY 2023).

earnings-and-revenue-growth — ASX:WTC Earnings and Revenue Growth August 21st 2024

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

WiseTech Global Revenues Disappoint

Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in Australia.

Performance of the Australian Software industry.

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

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on WiseTech Global's balance sheet health.

Valuation is complex, but we're here to simplify it.

Discover if WiseTech Global might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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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.