Yahoo Finance Arbuthnot Banking Group Full Year 2023 Earnings: Misses Expectations
Arbuthnot Banking Group (LON:ARBB) Full Year 2023 Results
Key Financial Results
Revenue: UK£178.2m (up 38% from FY 2022).
Net income: UK£35.4m (up 115% from FY 2022).
Profit margin: 20% (up from 13% in FY 2022). The increase in margin was driven by higher revenue.
EPS: UK£2.23 (up from UK£1.10 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Arbuthnot Banking Group Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) also missed analyst estimates by 1.7%.
Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Banks industry in the United Kingdom.
Performance of the British Banks industry.
The company's shares are up 1.4% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Arbuthnot Banking Group (at least 1 which makes us a bit uncomfortable), and understanding these should be part of your investment process.
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