Inchcape Full Year 2024 Earnings: EPS Beats Expectations
Inchcape's Full Year 2024 earnings report revealed a revenue decline of 19% to UK£9.26b, largely attributed to the negative impact of cost of sales amounting to 83% of total revenue. The company's net income remained flat at UK£271.0m, while its profit margin increased to 2.9%, driven by lower expenses. Earnings per share (EPS) surpassed analyst estimates by 47%.
- The significance of Inchcape's margins lies in their ability to absorb the impact of declining revenue and guide the company towards a more stable financial foundation.
- How will Inchcape leverage its growth forecast of 3.5% p.a. over the next three years to improve investor sentiment, considering the current stock price is up 6.2% from last week?