Bellway Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Bellway (LON:BWY) Full Year 2024 Results

Key Financial Results

• Revenue: UK£2.38b (down 30% from FY 2023).
• Net income: UK£130.5m (down 64% from FY 2023).
• Profit margin: 5.5% (down from 11% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: UK£1.10 (down from UK£2.98 in FY 2023).

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

Bellway Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Consumer Durables industry in the United Kingdom.

Performance of the British Consumer Durables industry.

The company's shares are up 8.2% from a week ago.

Valuation

Following the latest earnings results, Bellway may be overvalued based on 6 different valuation benchmarks we assess. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.

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