In This Article:
Marex Group (NASDAQ:MRX) Full Year 2024 Results
Key Financial Results
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Revenue: US$2.36b (up 25% from FY 2023).
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Net income: US$204.7m (up 60% from FY 2023).
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Profit margin: 8.7% (up from 6.8% in FY 2023). The increase in margin was driven by higher revenue.
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EPS: US$2.96 (up from US$1.94 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Marex Group Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 3.7%.
Looking ahead, revenue is expected to decline by 6.6% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in the US are expected to grow by 5.7%.
Performance of the American Capital Markets industry.
The company's shares are up 1.6% from a week ago.
Valuation
It's possible that Marex Group could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.
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