National Tyre & Wheel First Half 2024 Earnings: EPS: AU$0.007 (vs AU$0.012 loss in 1H 2023)

[email protected] (Simply Wall St)
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National Tyre & Wheel (ASX:NTD) First Half 2024 Results

Key Financial Results

  • Revenue: AU$264.9m (down 10% from 1H 2023).

  • Net income: AU$892.0k (up from AU$1.61m loss in 1H 2023).

  • Profit margin: 0.3% (up from net loss in 1H 2023). The move to profitability was driven by lower expenses.

  • EPS: AU$0.007 (up from AU$0.012 loss in 1H 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

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

National Tyre & Wheel Earnings Insights

Looking ahead, revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Global Retail Distributors industry.

Performance of the market in Australia.

The company's shares are down 9.9% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for National Tyre & Wheel (1 is potentially serious!) that you should be aware of.

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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.

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