Vanquis Banking Group Full Year 2024 Earnings: EPS Misses Expectations

Vanquis Banking Group (LON:VANQ) Full Year 2024 Results

Key Financial Results

• Revenue: UK£269.4m (down 17% from FY 2023).
• Net loss: UK£119.3m (loss widened by UK£113.3m from FY 2023).
• UK£0.47 loss per share (further deteriorated from UK£0.024 loss in FY 2023).

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

Vanquis Banking Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 143%.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Finance industry in the United Kingdom.

Performance of the British Consumer Finance industry.

The company's shares are down 1.7% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Vanquis Banking Group (1 is a bit concerning!) that we have uncovered.

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