Netcare Full Year 2024 Earnings: EPS Misses Expectations

Netcare (JSE:NTC) Full Year 2024 Results

Key Financial Results

• Revenue: R25.2b (up 6.3% from FY 2023).
• Net income: R1.50b (up 19% from FY 2023).
• Profit margin: 5.9% (up from 5.3% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: R1.10 (up from R0.94 in FY 2023).

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

Netcare EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.2%.

Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Healthcare industry in Africa.

Performance of the market in South Africa.

The company's shares are up 1.1% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Netcare (1 doesn't sit too well with us!) that you should be aware of before investing here.

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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.