TPG Full Year 2024 Earnings: Misses Expectations

TPG (NASDAQ:TPG) Full Year 2024 Results

Key Financial Results

• Revenue: US$3.50b (up 47% from FY 2023).
• Net income: US$23.5m (down 67% from FY 2023).
• Profit margin: 0.7% (down from 3.0% in FY 2023).
• EPS: US$0.23 (down from US$0.89 in FY 2023).

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

TPG Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 94%.

Looking ahead, revenue is expected to decline by 11% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in the US are expected to grow by 5.8%.

Performance of the American Capital Markets industry.

The company's shares are down 4.7% from a week ago.

Risk Analysis

Be aware that TPG is showing 3 warning signs in our investment analysis and 1 of those is a bit unpleasant...

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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.