WPP Full Year 2024 Earnings: EPS Misses Expectations

WPP (LON:WPP) Full Year 2024 Results

Key Financial Results

• Revenue: UK£14.7b (flat on FY 2023).
• Net income: UK£542.0m (up 393% from FY 2023).
• Profit margin: 3.7% (up from 0.7% in FY 2023).
• EPS: UK£0.50 (up from UK£0.10 in FY 2023).

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

WPP EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 26%.

The primary driver behind last 12 months revenue was the Global Integrated Agencies segment contributing a total revenue of UK£12.6b (85% of total revenue). Notably, cost of sales worth UK£12.3b amounted to 83% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to UK£1.14b (60% of total expenses). Explore how WPP's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to decline by 8.6% p.a. on average during the next 3 years, while revenues in the Media industry in the United Kingdom are expected to grow by 1.8%.

Performance of the British Media industry.

The company's shares are down 5.0% from a week ago.

Risk Analysis

Be aware that WPP is showing 1 warning sign in our investment analysis that you should know about...

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