Stock Analysis

Motorpoint Group Full Year 2024 Earnings: Misses Expectations

Simply Wall St

June 19, 2024

Motorpoint Group (LON:MOTR) Full Year 2024 Results

Key Financial Results

Revenue: UK£1.09b (down 25% from FY 2023).
Net loss: UK£8.40m (loss widened by UK£7.80m from FY 2023).
UK£0.093 loss per share (further deteriorated from UK£0.007 loss in FY 2023).

revenue-and-expenses-breakdown — LSE:MOTR Revenue and Expenses Breakdown June 19th 2024

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

Motorpoint Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 33%.

The primary driver behind last 12 months revenue was the Retail segment contributing a total revenue of UK£931.1m (86% of total revenue). Notably, cost of sales worth UK£1.01b amounted to 93% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to UK£53.5m (66% of total expenses). Explore how MOTR's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Specialty Retail industry in the United Kingdom.

Performance of the British Specialty Retail industry.

The company's shares are up 1.1% 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 Motorpoint Group that you need to be mindful of.

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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.