SkyCity Entertainment Group Full Year 2024 Earnings: Misses Expectations

Simply Wall St.08-23

SkyCity Entertainment Group (NZSE:SKC) Full Year 2024 Results Key Financial Results Revenue: NZ$882.5m (up 2.9% from FY 2023). Net loss: NZ$143.3m (down from NZ$7.98m profit in FY 2023). NZ$0.19 loss...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 1.4%. Earnings per share  was also behind analyst expectations.Looking ahead, revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Hospitality industry in Oceania.The company's share price is broadly unchanged from a week ago.Don't forget that there may still be risks. For instance, we've identified   3 warning signs for SkyCity Entertainment Group   you should be aware of.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SKC.AU":"SkyCity Entertainment Group Ltd"},"translate_title":"天空之城娱乐集团2024年全年盈利：未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SKC.AU":0.9},"content_text":"SkyCity Entertainment Group (NZSE:SKC) Full Year 2024 Results\nKey Financial Results\n\nRevenue: NZ$882.5m (up 2.9% from FY 2023).\nNet loss: NZ$143.3m (down from NZ$7.98m profit in FY 2023).\nNZ$0.19 loss per share (down from NZ$0.011 profit in FY 2023).\n\n\n\n\n\n  NZSE:SKC Earnings and Revenue Growth August 22nd 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nSkyCity Entertainment Group Revenues and Earnings Miss Expectations\n Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) was also behind analyst expectations. \n Looking ahead, revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Hospitality industry in Oceania. \nPerformance of the market in New Zealand.\n The company's share price is broadly unchanged from a week ago. \nRisk Analysis\n Don't forget that there may still be risks. For instance, we've identified   3 warning signs for SkyCity Entertainment Group (1 is significant)  you should be aware of. \nHave 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. 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