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LSL Property Services Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

LSL Property Services (LON:LSL) Full Year 2023 Results

Key Financial Results

  • Revenue: UK£144.4m (down 55% from FY 2022).

  • Net income: UK£8.09m (up from UK£63.9m loss in FY 2022).

  • Profit margin: 5.6% (up from net loss in FY 2022).

  • EPS: UK£0.079 (up from UK£0.62 loss in FY 2022).

earnings-and-revenue-history
earnings-and-revenue-history

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

LSL Property Services Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 1.5% 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 up 13% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for LSL Property Services that you need to be mindful 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.