In This Article:
Suncorp Group (ASX:SUN) Full Year 2024 Results
Key Financial Results
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Revenue: AU$13.1b (down 28% from FY 2023).
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Net income: AU$939.0m (down 18% from FY 2023).
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Profit margin: 7.1% (up from 6.3% in FY 2023). The increase in margin was driven by lower expenses.
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EPS: AU$0.74 (down from AU$0.91 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Suncorp Group Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) missed analyst estimates by 3.9%.
Looking ahead, revenue is forecast to grow 1.6% p.a. on average during the next 3 years, while revenues in the Insurance industry in Australia are expected to remain flat.
Performance of the Australian Insurance industry.
The company's shares are up 3.4% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Suncorp Group that you need to take into consideration.
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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.