Nissan Motor Full Year 2024 Earnings: EPS Beats Expectations

Simply Wall St

May 12, 2024

Nissan Motor (TSE:7201) Full Year 2024 Results

Key Financial Results

Revenue: JP¥13t (up 20% from FY 2023).
Net income: JP¥426.6b (up 92% from FY 2023).
Profit margin: 3.4% (up from 2.1% in FY 2023). The increase in margin was driven by higher revenue.
EPS: JP¥110 (up from JP¥56.67 in FY 2023).

revenue-and-expenses-breakdown — TSE:7201 Revenue and Expenses Breakdown May 12th 2024

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

Nissan Motor EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%.

The primary driver behind last 12 months revenue was the Automotive Business segment contributing a total revenue of JP¥12t (93% of total revenue). Notably, cost of sales worth JP¥9.89t amounted to 78% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to JP¥809.4b (49% of total expenses). Explore how 7201's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Auto industry in Japan.

Performance of the Japanese Auto industry.

The company's shares are down 4.8% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Nissan Motor (of which 1 makes us a bit uncomfortable!) you should know about.

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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.