Beeks Financial Cloud Group Full Year 2024 Earnings: Misses Expectations

Beeks Financial Cloud Group (LON:BKS) Full Year 2024 Results

Key Financial Results

• Revenue: UK£28.9m (up 29% from FY 2023).
• Net income: UK£2.19m (up from UK£89.0k loss in FY 2023).
• Profit margin: 7.6% (up from net loss in FY 2023). The move to profitability was driven by higher revenue.
• EPS: UK£0.033 (up from UK£0.001 loss in FY 2023).

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

Beeks Financial Cloud Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 30%.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the IT industry in the United Kingdom.

Performance of the British IT industry.

The company's shares are up 9.2% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Beeks Financial Cloud Group, and understanding this should be part of your investment process.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.