TP ICAP Group Full Year 2024 Earnings: EPS Beats Expectations

TP ICAP Group (LON:TCAP) Full Year 2024 Results

Key Financial Results

• Revenue: UK£2.19b (up 2.9% from FY 2023).
• Net income: UK£167.0m (up 126% from FY 2023).
• Profit margin: 7.6% (up from 3.5% in FY 2023). The increase in margin was primarily driven by higher revenue.
• EPS: UK£0.22 (up from UK£0.095 in FY 2023).

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

TP ICAP Group EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.1%.

Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Capital Markets industry in the United Kingdom.

Performance of the British Capital Markets industry.

The company's shares are down 1.9% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for TP ICAP Group that you need to be mindful of.

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