Watkin Jones Full Year 2024 Earnings: Misses Expectations
Revenue: UK£362.4m (down 12% from FY 2023).
Net income: UK£1.90m (up from UK£32.5m loss in FY 2023).
Profit margin: 0.5% (up from net loss in FY 2023).
EPS: UK£0.007 (up from UK£0.13 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) also missed analyst estimates by 60%.
The primary driver behind last 12 months revenue was the Build to Rent segment contributing a total revenue of UK£211.3m (58% of total revenue). Notably, cost of sales worth UK£328.6m amounted to 91% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to UK£36.5m (100% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of UK£4.59m. Explore how WJG's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Real Estate industry in the United Kingdom.
Performance of the British Real Estate industry.
The company's shares are up 5.8% from a week ago.
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Watkin Jones (1 is a bit unpleasant) you should be aware of.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.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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