Yahoo Finance Bombardier Full Year 2023 Earnings: Beats Expectations
Bombardier (TSE:BBD.B) Full Year 2023 Results
Key Financial Results
Revenue: US$8.05b (up 16% from FY 2022).
Net income: US$490.0m (up from US$157.0m loss in FY 2022).
Profit margin: 6.1% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
EPS: US$4.81 (up from US$1.66 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Bombardier Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 9.5%.
Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Aerospace & Defense industry in Canada.
Performance of the Canadian Aerospace & Defense industry.
The company's shares are down 12% 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 Bombardier (at least 2 which are a bit concerning), and understanding them should be part of your investment process.
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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.
