CareNet Full Year 2024 Earnings: EPS Misses Expectations

CareNet (TSE:2150) Full Year 2024 Results

Key Financial Results

• Revenue: JP¥11.2b (up 9.3% from FY 2023).
• Net income: JP¥1.14b (down 25% from FY 2023).
• Profit margin: 10% (down from 15% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: JP¥25.79 (down from JP¥33.89 in FY 2023).

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

CareNet EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 25%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Healthcare Services industry in Japan.

Performance of the Japanese Healthcare Services industry.

The company's shares are up 19% 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 CareNet that you need to be mindful of.

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