Foxtons Group (LON:FOXT) Full Year 2024 Results
Key Financial Results
- Revenue: UK£163.9m (up 11% from FY 2023).
- Net income: UK£14.0m (up 155% from FY 2023).
- Profit margin: 8.5% (up from 3.7% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: UK£0.046 (up from UK£0.018 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Foxtons Group Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 23%.
The primary driver behind last 12 months revenue was the Lettings segment contributing a total revenue of UK£106.0m (65% of total revenue). Explore how FOXT's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 5.9% p.a. on average during the next 3 years, while revenues in the Real Estate industry in the United Kingdom are expected to remain flat.
Performance of the British Real Estate industry.
The company's shares are down 2.5% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Foxtons Group's balance sheet health.
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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.
About LSE:FOXT
Foxtons Group
An estate agency, provides services to the residential property market in the United Kingdom.
Undervalued with solid track record.
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