Heartland Group Holdings Full Year 2024 Earnings: Misses Expectations

Heartland Group Holdings (NZSE:HGH) Full Year 2024 Results

Key Financial Results

• Revenue: NZ$243.9m (down 6.9% from FY 2023).
• Net income: NZ$74.5m (down 22% from FY 2023).
• Profit margin: 31% (down from 37% in FY 2023). The decrease in margin was primarily driven by lower revenue.
• EPS: NZ$0.099 (down from NZ$0.14 in FY 2023).

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

Heartland Group Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 16%.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Banks industry in Oceania.

Performance of the market in New Zealand.

The company's shares are down 8.8% from a week ago.

Risk Analysis

Be aware that Heartland Group Holdings is showing 2 warning signs in our investment analysis that you should know about...

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