Ascential Full Year 2023 Earnings: EPS Misses Expectations

Ascential (LON:ASCL) Full Year 2023 Results

Key Financial Results

• Revenue: UK£206.4m (up 7.9% from FY 2022).
• Net income: UK£4.20m (down 84% from FY 2022).
• Profit margin: 2.0% (down from 14% in FY 2022).
• EPS: UK£0.01 (down from UK£0.059 in FY 2022).

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

Ascential EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

The primary driver behind last 12 months revenue was the Marketing segment contributing a total revenue of UK£130.5m (63% of total revenue). The largest operating expense was General & Administrative costs, amounting to UK£97.4m (76% of total expenses). Explore how ASCL's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Media industry in the United Kingdom.

Performance of the British Media industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Ascential (1 is a bit unpleasant) you should be aware of.

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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.