James Fisher and Sons Full Year 2023 Earnings: Misses Expectations

James Fisher and Sons (LON:FSJ) Full Year 2023 Results

Key Financial Results

• Revenue: UK£496.2m (up 3.8% from FY 2022).
• Net loss: UK£51.0m (down from UK£8.70m profit in FY 2022).
• UK£1.01 loss per share (down from UK£0.17 profit in FY 2022).

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

James Fisher and Sons Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates significantly.

The primary driver behind last 12 months revenue was the Energy segment contributing a total revenue of UK£266.5m (54% of total revenue). Notably, cost of sales worth UK£360.3m amounted to 73% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to UK£109.6m (59% of total expenses). Explore how FSJ's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Infrastructure industry in Europe.

Performance of the market in the United Kingdom.

The company's shares are up 1.5% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for James Fisher and Sons (1 is potentially serious) 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.