Noah Holdings Full Year 2024 Earnings: Misses Expectations

Noah Holdings (NYSE:NOAH) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥2.60b (down 21% from FY 2023).
• Net income: CN¥475.4m (down 53% from FY 2023).
• Profit margin: 18% (down from 31% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥6.78 (down from CN¥14.53 in FY 2023).

Our free stock report includes 2 warning signs investors should be aware of before investing in Noah Holdings. Read for free now.

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

Noah Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 24%.

The primary driver behind last 12 months revenue was the Wealth Management Business segment contributing a total revenue of CN¥1.80b (69% of total revenue). Notably, cost of sales worth CN¥1.35b amounted to 52% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥320.6m (41% of total expenses). Explore how NOAH's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are up 8.3% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Noah Holdings you should know about.

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