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