Rank Group Full Year 2024 Earnings: EPS Misses Expectations

Rank Group (LON:RNK) Full Year 2024 Results

Key Financial Results

• Revenue: UK£734.7m (up 7.7% from FY 2023).
• Net income: UK£12.3m (up from UK£96.0m loss in FY 2023).
• Profit margin: 1.7% (up from net loss in FY 2023). The move to profitability was primarily driven by higher revenue.
• EPS: UK£0.027 (up from UK£0.20 loss in FY 2023).

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

Rank Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 49%.

Looking ahead, revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Hospitality industry in the United Kingdom.

Performance of the British Hospitality industry.

The company's shares are up 17% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Rank Group's balance sheet and an in-depth analysis of the company's financial position.

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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.