Burford Capital First Quarter 2024 Earnings: US$0.14 loss per share (vs US$1.19 profit in 1Q 2023)

Burford Capital (LON:BUR) First Quarter 2024 Results

Key Financial Results

• Net loss: US$29.9m (down by 112% from US$259.4m profit in 1Q 2023).
• US$0.14 loss per share (down from US$1.19 profit in 1Q 2023).

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

Burford Capital Earnings Insights

Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 8.2% decline forecast for the Diversified Financial industry in the United Kingdom.

Performance of the British Diversified Financial industry.

The company's shares are down 6.6% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Burford Capital that you should be aware of.

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