Barratt Developments Full Year 2024 Earnings: EPS Misses Expectations

Simply Wall St

September 20, 2024

Barratt Developments (LON:BDEV) Full Year 2024 Results

Key Financial Results

Revenue: UK£4.17b (down 22% from FY 2023).
Net income: UK£114.1m (down 79% from FY 2023).
Profit margin: 2.7% (down from 10.0% in FY 2023).
EPS: UK£0.12 (down from UK£0.53 in FY 2023).

revenue-and-expenses-breakdown — LSE:BDEV Revenue and Expenses Breakdown September 20th 2024

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

Barratt Developments EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 32%.

In the last 12 months, the only revenue segment was House building contributing UK£4.17b. Notably, cost of sales worth UK£3.48b amounted to 83% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to UK£336.9m (59% of total expenses). Explore how BDEV's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Consumer Durables industry in the United Kingdom.

Performance of the British Consumer Durables industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 4 warning signs we've spotted with Barratt Developments (including 1 which is significant).

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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.