Magellan Financial Group (ASX:MFG) Full Year 2024 Results

Key Financial Results

• Revenue: AU$378.5m (down 12% from FY 2023).

• Net income: AU$238.8m (up 31% from FY 2023).

• Profit margin: 63% (up from 42% in FY 2023). The increase in margin was driven by lower expenses.

• EPS: AU$1.32 (up from AU$1.00 in FY 2023).

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

Magellan Financial Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) also surpassed analyst estimates by 31%.

Looking ahead, revenue is expected to decline by 15% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Australia are expected to grow by 5.3%.

Performance of the Australian Capital Markets industry.

The company's shares are up 15% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 4 warning signs for Magellan Financial Group (2 are a bit concerning!) that you should be aware of.

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