HUB24 Full Year 2023 Earnings: EPS Beats Expectations

HUB24 (ASX:HUB) Full Year 2023 Results

Key Financial Results

• Revenue: AU$277.6m (up 45% from FY 2022).
• Net income: AU$38.2m (up 160% from FY 2022).
• Profit margin: 14% (up from 7.6% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: AU$0.48 (up from AU$0.20 in FY 2022).

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

HUB24 EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.6%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Capital Markets industry in Australia.

Performance of the Australian Capital Markets industry.

The company's shares are up 14% from a week ago.

Valuation

Following the latest earnings results, HUB24 may be overvalued based on 6 different valuation benchmarks we assess. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.

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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.