Stock Analysis
Avingtrans (LON:AVG) Full Year 2024 Results
Key Financial Results
- Revenue: UK£136.6m (up 17% from FY 2023).
- Net income: UK£3.66m (down 42% from FY 2023).
- Profit margin: 2.7% (down from 5.5% in FY 2023). The decrease in margin was driven by higher expenses.
- EPS: UK£0.11 (down from UK£0.20 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Avingtrans EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.8%.
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Machinery industry in the United Kingdom.
Performance of the British Machinery industry.
The company's shares are up 7.6% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for Avingtrans that you should be aware of.
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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 AIM:AVG
Avingtrans
Provides engineered components, systems, and services to the energy, medical, and infrastructure industries in the United Kingdom, rest of Europe, the United States of America, Africa, the Middle East, the Americas, the Carribean, China, and the Asia Pacific.
