Galaxy Entertainment Group Full Year 2024 Earnings: Misses Expectations

Galaxy Entertainment Group (HKG:27) Full Year 2024 Results

Key Financial Results

• Revenue: HK$43.5b (up 22% from FY 2023).
• Net income: HK$8.76b (up 28% from FY 2023).
• Profit margin: 20% (up from 19% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: HK$2.00 (up from HK$1.56 in FY 2023).

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

Galaxy Entertainment Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 4.9%.

The primary driver behind last 12 months revenue was the Gaming and Entertainment segment contributing a total revenue of HK$40.3b (93% of total revenue). Over the last 12 months, the company's earnings were enhanced by non-operating gains of HK$884.5m. Explore how 27's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Hong Kong.

Performance of the Hong Kong Hospitality industry.

The company's shares are down 8.5% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Galaxy Entertainment 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.