IDP Education (ASX:IEL) Full Year 2024 Results

Key Financial Results

• Revenue: AU$1.04b (up 5.6% from FY 2023).

• Net income: AU$132.7m (down 11% from FY 2023).

• Profit margin: 13% (down from 15% in FY 2023). The decrease in margin was driven by higher expenses.

• EPS: AU$0.48 (down from AU$0.53 in FY 2023).

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

IDP Education EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.4%.

Looking ahead, revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Consumer Services industry in Australia.

Performance of the Australian Consumer Services industry.

The company's shares are up 11% 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 IDP Education's balance sheet and an in-depth analysis of the company's financial position.

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