NextEd Group (ASX:NXD) Full Year 2024 Results
Key Financial Results
Revenue: AU$111.4m (up 8.9% from FY 2023).
Net loss: AU$31.2m (down from AU$3.61m profit in FY 2023).
AU$0.14 loss per share (down from AU$0.017 profit in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
NextEd Group EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.
The primary driver behind last 12 months revenue was the International Vocational segment contributing a total revenue of AU$85.8m (77% of total revenue). The largest operating expense was General & Administrative costs, amounting to AU$33.9m (38% of total expenses). Explore how NXD’s revenue and expenses shape its earnings.
Looking ahead, revenue is expected to decline by 1.7% p.a. on average during the next 3 years, while revenues in the Consumer Services industry in Australia are expected to grow by 7.4%.
Performance of the Australian Consumer Services industry.
The company’s share price is broadly unchanged from a week ago.
Risk Analysis
Be aware that NextEd Group is showing 3 warning signs in our investment analysis and 1 of those shouldn’t be ignored…
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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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