Ashmore Group Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Ashmore Group (LON:ASHM) Full Year 2024 Results

Key Financial Results

• Revenue: UK£186.8m (down 2.2% from FY 2023).
• Net income: UK£93.7m (up 13% from FY 2023).
• Profit margin: 50% (up from 44% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: UK£0.14 (up from UK£0.12 in FY 2023).

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

Ashmore Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) missed analyst estimates by 6.6%.

Looking ahead, revenue is expected to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in the United Kingdom are expected to grow by 3.6%.

Performance of the British Capital Markets industry.

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

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Ashmore Group, and understanding these should be part of your investment process.

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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.