NZME First Half 2024 Earnings: EPS: NZ$0.01 (vs NZ$0.013 in 1H 2023)

NZME (NZSE:NZM) First Half 2024 Results

Key Financial Results

• Revenue: NZ$168.3m (up 3.1% from 1H 2023).
• Net income: NZ$1.89m (down 23% from 1H 2023).
• Profit margin: 1.1% (down from 1.5% in 1H 2023). The decrease in margin was driven by higher expenses.
• EPS: NZ$0.01 (down from NZ$0.013 in 1H 2023).

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

NZME Earnings Insights

Looking ahead, revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Media industry in Oceania.

Performance of the market in New Zealand.

The company's shares are down 4.0% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for NZME that you need to be mindful of.

Have 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.