Cochlear (ASX:COH) Full Year 2024 Results

Key Financial Results

• Revenue: AU$2.24b (up 16% from FY 2023).

• Net income: AU$356.8m (up 19% from FY 2023).

• Profit margin: 16% (in line with FY 2023).

• EPS: AU$5.44 (up from AU$4.57 in FY 2023).

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

Cochlear EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.4%.

The primary driver behind last 12 months revenue was the Americas segment contributing a total revenue of AU$1.14b (51% of total revenue). The largest operating expense was General & Administrative costs, amounting to AU$897.6m (68% of total expenses). Explore how COH's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Medical Equipment industry in Australia.

Performance of the Australian Medical Equipment industry.

The company's shares are down 9.7% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Cochlear's balance sheet and an in-depth analysis of the company's financial position.

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