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LandBridge Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag
LandBridge (NYSE:LB) Full Year 2024 Results
Key Financial Results
- Revenue: US$110.0m (up 51% from FY 2023).
- Net income: US$5.11m (down 92% from FY 2023).
- Profit margin: 4.6% (down from 87% in FY 2023).
- EPS: US$0.22.
All figures shown in the chart above are for the trailing 12 month (TTM) period
LandBridge EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) exceeded analyst estimates.
Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Real Estate industry in the US.
Performance of the American Real Estate industry.
The company's shares are down 5.2% from a week ago.
Risk Analysis
It is worth noting though that we have found 4 warning signs for LandBridge (1 is concerning!) that you need to take into consideration.
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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.
About NYSE:LB
LandBridge
Owns and manages land and resources to support and enhance oil and natural gas development in the United States.
Exceptional growth potential slight.