Yahoo Finance Admiral Group Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags
Admiral Group (LON:ADM) Full Year 2022 Results
Key Financial Results
Revenue: UK£1.50b (down 3.2% from FY 2021).
Net income: UK£373.0m (down 36% from FY 2021).
Profit margin: 25% (down from 38% in FY 2021). The decrease in margin was primarily driven by higher expenses.
EPS: UK£1.24 (down from UK£1.97 in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Admiral Group Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 7.6%. Earnings per share (EPS) missed analyst estimates by 6.1%.
Looking ahead, revenue is expected to decline by 13% p.a. on average during the next 3 years, while revenues in the Insurance industry in the United Kingdom are expected to grow by 31%.
Performance of the British Insurance industry.
The company's shares are down 7.8% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 4 warning signs for Admiral Group you should be aware of, and 1 of them is significant.
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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.
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