SATS Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

SATS (SGX:S58) Full Year 2024 Results

Key Financial Results

• Revenue: S$5.15b (up 193% from FY 2023).
• Net income: S$53.2m (up from S$26.5m loss in FY 2023).
• Profit margin: 1.0% (up from net loss in FY 2023). The move to profitability was driven by higher revenue.
• EPS: S$0.036 (up from S$0.022 loss in FY 2023).

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

SATS Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Infrastructure industry in Asia.

Performance of the market in Singapore.

The company's shares are up 10% 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 SATS that you need to be mindful of.

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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.