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- BME:HOME
Neinor Homes Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag
Neinor Homes (BME:HOME) Full Year 2023 Results
Key Financial Results
- Revenue: €594.0m (down 22% from FY 2022).
- Net income: €91.4m (down 5.1% from FY 2022).
- Profit margin: 15% (up from 13% in FY 2022). The increase in margin was driven by lower expenses.
- EPS: €1.32 (down from €1.59 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Neinor Homes EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 17%. Earnings per share (EPS) exceeded analyst estimates by 7.8%.
Looking ahead, revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Consumer Durables industry in Europe.
Performance of the market in Spain.
The company's share price is broadly unchanged from a week ago.
Valuation
Following the latest earnings results, Neinor Homes may be undervalued based on 6 different valuation benchmarks we assess. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.
Valuation is complex, but we're here to simplify it.
Discover if Neinor Homes might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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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.
About BME:HOME
Neinor Homes
Develops, promotes, rental, and manages real estate properties in Spain.
Flawless balance sheet with solid track record.