Westpac Banking Full Year 2024 Earnings: EPS Beats Expectations

Simply Wall St.11-05

Westpac Banking (ASX:WBC) Full Year 2024 Results Key Financial Results Revenue: AU$21.1b (flat on FY 2023). Net income: AU$6.99b (down 2.8% from FY 2023). Profit margin: 33% (down from 34% in FY 2023...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue was in line with analyst estimates. Earnings per share  surpassed analyst estimates by 6.3%.Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Banks industry in Australia.The company's share price is broadly unchanged from a week ago.We should say that we've discovered 2 warning signs for Westpac Banking (1 can't be ignored!) that you should be aware of before investing here.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"WBCPK.AU":"Westpac Banking Corporation","WBCPE.AU":"Westpac Banking Corp Pref E","WBK":"澳洲西洋银行","WBCPH.AU":"WESTPAC BANKING CORP - PUBLIC","WBCPL.AU":"WESTPAC BANKING CORP","WBCPI.AU":"WESTPAC BANKING","WBCPM.AU":"WESTPAC BANKING CORP","WBC.AU":"WESTPAC BANKING CORPORATION","WBCPJ.AU":"WESTPAC BANKING CORP"},"translate_title":"西太平洋银行2024年全年收益：每股收益超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WBC.AU":1,"WBK":1,"WBCPE.AU":0.9,"WBCPH.AU":0.9,"WBCPI.AU":0.9,"WBCPJ.AU":0.9,"WBCPK.AU":0.9,"WBCPL.AU":0.9,"WBCPM.AU":0.9},"content_text":"Westpac Banking (ASX:WBC) Full Year 2024 Results\nKey Financial Results\n\nRevenue: AU$21.1b (flat on FY 2023).\nNet income: AU$6.99b (down 2.8% from FY 2023).\nProfit margin: 33% (down from 34% in FY 2023).\nEPS: AU$2.01 (down from AU$2.06 in FY 2023).\n\n\n\n\n  ASX:WBC Earnings and Revenue Growth November 4th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nWestpac Banking EPS Beats Expectations\n Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.3%. \n Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Banks industry in Australia. \nPerformance of the Australian Banks industry.\n The company's share price is broadly unchanged from a week ago. \nRisk Analysis\n We should say that we've discovered 2 warning signs for Westpac Banking (1 can't be ignored!) that you should be aware of before investing here. \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. Simply Wall St has no position in any stocks mentioned.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481559390"}