LendInvest Full Year 2024 Earnings: Misses Expectations

LendInvest (LON:LINV) Full Year 2024 Results

Key Financial Results

• Revenue: UK£18.6m (down 64% from FY 2023).
• Net loss: UK£20.1m (down by 276% from UK£11.4m profit in FY 2023).
• UK£0.14 loss per share (down from UK£0.083 profit in FY 2023).

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

LendInvest Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) also missed analyst estimates by 24%.

Looking ahead, revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Diversified Financial industry in the United Kingdom.

Performance of the British Diversified Financial industry.

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

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for LendInvest you should be aware of, and 2 of them don't sit too well with us.

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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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com