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Harworth Group Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

Harworth Group (LON:HWG) Full Year 2023 Results

Key Financial Results

  • Revenue: UK£72.4m (down 56% from FY 2022).

  • Net income: UK£38.0m (up 36% from FY 2022).

  • Profit margin: 52% (up from 17% in FY 2022).

  • EPS: UK£0.12 (up from UK£0.086 in FY 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Harworth Group EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 28%. Earnings per share (EPS) exceeded analyst estimates by 180%.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 2.8% decline forecast for the Real Estate industry in the United Kingdom.

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Performance of the British Real Estate industry.

The company's shares are down 1.1% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Harworth Group.

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.