G8 Education (ASX:GEM) H1 2024 Results
Key financial results
- Revenue: AU$480.4 million (up 5.5% from H1 2023).
- Net profit: AU$20.0 million (up 34% from H1 2023).
- Profit margin: 4.2% (compared to 3.3% in H1 2023). The increase in margin is due to higher sales.
- Earnings per share: AU$0.025 (compared to AU$0.019 in H1 2023).
All figures shown in the graph above refer to the last 12 months (TTM)
Earnings per share in G8 education sector miss expectations
Sales were in line with analysts’ estimates. Earnings per share (EPS) missed analysts’ estimates by 18%.
Average sales growth of 4.0% per annum is expected for the next three years. In contrast, growth of 6.8% is forecast for the Australian consumer services sector.
Performance of the Australian consumer services industry.
The company’s shares fell 7.3 percent compared to the previous week.
Risk analysis
Find out about the 1 warning sign we discovered it at G8 Education.
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