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Rent.com.au Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Rent.com.au (ASX:RNT) Full Year 2023 Results

Key Financial Results

  • Revenue: AU$2.77m (down 18% from FY 2022).

  • Net loss: AU$3.76m (loss widened by 37% from FY 2022).

  • AU$0.008 loss per share (further deteriorated from AU$0.007 loss in FY 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Rent.com.au Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 70% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Interactive Media and Services industry in Australia.

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Performance of the Australian Interactive Media and Services industry.

The company's shares are down 9.1% from a week ago.

Risk Analysis

It is worth noting though that we have found 5 warning signs for Rent.com.au (2 are potentially serious!) that you need to take into consideration.

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.