TPG Telecom First Half 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St

August 31, 2024

TPG Telecom (ASX:TPG) First Half 2024 Results

Key Financial Results

Revenue: AU$2.72b (flat on 1H 2023).
Net income: AU$29.0m (down 40% from 1H 2023).
Profit margin: 1.1% (down from 1.8% in 1H 2023).
EPS: AU$0.016 (down from AU$0.026 in 1H 2023).

earnings-and-revenue-growth — ASX:TPG Earnings and Revenue Growth August 31st 2024

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

TPG Telecom EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Telecom industry in Australia.

Performance of the Australian Telecom industry.

The company's shares are up 8.8% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for TPG Telecom 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.