Yahoo Finance Foxtons Group Full Year 2023 Earnings: EPS Misses Expectations
Foxtons Group (LON:FOXT) Full Year 2023 Results
Key Financial Results
Revenue: UK£147.1m (up 4.8% from FY 2022).
Net income: UK£5.49m (down 43% from FY 2022).
Profit margin: 3.7% (down from 6.8% in FY 2022). The decrease in margin was driven by higher expenses.
EPS: UK£0.018 (down from UK£0.03 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Foxtons Group EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 25%.
The primary driver behind last 12 months revenue was the Lettings segment contributing a total revenue of UK£101.2m (69% of total revenue). Explore how FOXT's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 2.2% decline forecast for the Real Estate industry in the United Kingdom.
Performance of the British Real Estate industry.
The company's shares are up 4.6% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 1 warning sign for Foxtons Group you should be aware of.
Have 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.
