Tower Past Earnings Performance
Past criteria checks 1/6
Tower's earnings have been declining at an average annual rate of -2.5%, while the Insurance industry saw earnings growing at 11% annually. Revenues have been growing at an average rate of 6.8% per year. Tower's return on equity is 0.8%, and it has net margins of 0.6%.
Key information
-2.5%
Earnings growth rate
-4.5%
EPS growth rate
| Insurance Industry Growth | 7.6% |
| Revenue growth rate | 6.8% |
| Return on equity | 0.8% |
| Net Margin | 0.6% |
| Next Earnings Update | 27 May 2024 |
Recent past performance updates
Recent updates
Market Still Lacking Some Conviction On Tower Limited (NZSE:TWR)
Apr 16
Should Shareholders Reconsider Tower Limited's (NZSE:TWR) CEO Compensation Package?
Feb 21Trade Alert: The Chief Executive Officer Of Tower Limited (NZSE:TWR), Blair Turnbull, Has Just Spent NZ$71k Buying 58% More Shares
Mar 03Do Institutions Own Tower Limited (NZSE:TWR) Shares?
Feb 17Tower's(NZSE:TWR) Share Price Is Down 61% Over The Past Five Years.
Jan 24Has Tower Limited's (NZSE:TWR) Impressive Stock Performance Got Anything to Do With Its Fundamentals?
Dec 30
Have Insiders Been Buying Tower Limited (NZSE:TWR) Shares This Year?
Dec 09Revenue & Expenses BreakdownBeta
How Tower makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 23 | 412 | 2 | 0 | 0 |
| 30 Jun 23 | 400 | 5 | 0 | 0 |
| 31 Mar 23 | 392 | 8 | 0 | 0 |
| 31 Dec 22 | 376 | 13 | 0 | 0 |
| 30 Sep 22 | 355 | 17 | 0 | 0 |
| 31 Mar 22 | 338 | 10 | 0 | 0 |
| 31 Dec 21 | 337 | 14 | 0 | 0 |
| 30 Sep 21 | 335 | 18 | 0 | 0 |
| 30 Jun 21 | 337 | 12 | 2 | 0 |
| 31 Mar 21 | 333 | 7 | 3 | 0 |
| 31 Dec 20 | 330 | 9 | 3 | 0 |
| 30 Sep 20 | 327 | 11 | 3 | 0 |
| 30 Jun 20 | 323 | 15 | 2 | 0 |
| 31 Mar 20 | 319 | 19 | 2 | 0 |
| 31 Dec 19 | 311 | 18 | 3 | 0 |
| 30 Sep 19 | 303 | 17 | 4 | 0 |
| 30 Jun 19 | 297 | 16 | 27 | 0 |
| 31 Mar 19 | 292 | 16 | 50 | 0 |
| 31 Dec 18 | 287 | 5 | 82 | 0 |
| 30 Sep 18 | 282 | -7 | 113 | 0 |
| 30 Jun 18 | 278 | -9 | 107 | 0 |
| 31 Mar 18 | 274 | -12 | 102 | 0 |
| 31 Dec 17 | 271 | -10 | 92 | 0 |
| 30 Sep 17 | 268 | -8 | 82 | 0 |
| 30 Jun 17 | 266 | -15 | 84 | 0 |
| 31 Mar 17 | 265 | -22 | 87 | 0 |
| 31 Dec 16 | 266 | -22 | 87 | 0 |
| 30 Sep 16 | 266 | -22 | 87 | 0 |
| 30 Jun 16 | 266 | -17 | 90 | 0 |
| 31 Mar 16 | 265 | -12 | 92 | 0 |
| 31 Dec 15 | 265 | -10 | 90 | 0 |
| 30 Sep 15 | 266 | -8 | 88 | 0 |
| 30 Jun 15 | 265 | -1 | 87 | 0 |
| 31 Mar 15 | 264 | 6 | 86 | 0 |
| 31 Dec 14 | 259 | 14 | 84 | 0 |
| 30 Sep 14 | 255 | 21 | 82 | 0 |
| 30 Jun 14 | 250 | 20 | 79 | 0 |
| 31 Mar 14 | 245 | 20 | 76 | 0 |
| 31 Dec 13 | 241 | 10 | 76 | 0 |
| 30 Sep 13 | 237 | 0 | 75 | 0 |
| 30 Jun 13 | 214 | 2 | 64 | 0 |
Quality Earnings: TWR has a large one-off gain of NZ$1.2M impacting its last 12 months of financial results to 30th September, 2023.
Growing Profit Margin: TWR's current net profit margins (0.6%) are lower than last year (4.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: TWR has become profitable over the past 5 years, growing earnings by -2.5% per year.
Accelerating Growth: TWR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TWR had negative earnings growth (-86.5%) over the past year, making it difficult to compare to the Insurance industry average (60.3%).
Return on Equity
High ROE: TWR's Return on Equity (0.8%) is considered low.