TAG Immobilien Full Year 2023 Earnings: EPS Misses Expectations

TAG Immobilien (ETR:TEG) Full Year 2023 Results

Key Financial Results

• Revenue: €1.35b (up 39% from FY 2022).
• Net loss: €396.9m (down by 451% from €113.1m profit in FY 2022).
• €2.26 loss per share (down from €0.71 profit in FY 2022).

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

TAG Immobilien EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%.

Looking ahead, revenue is expected to fall by 39% p.a. on average during the next 3 years compared to a 15% decline forecast for the Real Estate industry in Germany.

Performance of the German Real Estate industry.

The company's shares are up 4.6% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for TAG Immobilien that you should be aware of before investing here.

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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.