Stock Analysis
Money Forward Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Money Forward (TSE:3994) Second Quarter 2024 Results
Key Financial Results
- Revenue: JP¥10.3b (up 41% from 2Q 2023).
- Net loss: JP¥1.28b (loss narrowed by 24% from 2Q 2023).
- JP¥23.51 loss per share (improved from JP¥31.06 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Money Forward Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 98%.
Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan.
Performance of the Japanese Software industry.
The company's shares are down 5.3% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for Money Forward you should know about.
Valuation is complex, but we're helping make it simple.
Find out whether Money Forward is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
View the Free AnalysisHave 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.
Valuation is complex, but we're helping make it simple.
Find out whether Money Forward is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
About TSE:3994
Money Forward
Provides financial solutions for individuals, financial institutions, and corporations primarily in Japan.
Exceptional growth potential with adequate balance sheet.