NZX (NZSE:NZX) First Half 2024 Results
Key Financial Results
- Revenue: NZ$57.9m (up 7.3% from 1H 2023).
- Net income: NZ$15.3m (up 119% from 1H 2023).
- Profit margin: 26% (up from 13% in 1H 2023).
- EPS: NZ$0.047 (up from NZ$0.022 in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
NZX Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 130%.
Looking ahead, revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Capital Markets industry in Oceania.
Performance of the market in New Zealand.
The company's shares are down 2.9% 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 NZX (1 is a bit concerning!) that you need to be mindful of.
Valuation is complex, but we're here to simplify it.
Discover if NZX might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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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.
About NZSE:NZX
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