NEC Full Year 2024 Earnings: EPS Beats Expectations

Simply Wall St

May 01, 2024

NEC (TSE:6701) Full Year 2024 Results

Key Financial Results

Revenue: JP¥3.48t (up 5.0% from FY 2023).
Net income: JP¥149.5b (up 31% from FY 2023).
Profit margin: 4.3% (up from 3.5% in FY 2023). The increase in margin was driven by higher revenue.
EPS: JP¥561 (up from JP¥425 in FY 2023).

earnings-and-revenue-growth — TSE:6701 Earnings and Revenue Growth May 1st 2024

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

NEC EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 20%.

Looking ahead, revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the IT industry in Japan.

Performance of the Japanese IT industry.

The company's shares are up 1.6% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of NEC's balance sheet and an in-depth analysis of the company's financial position.

Valuation is complex, but we're helping make it simple.

Find out whether NEC 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 Analysis

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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.