Cornerstone FS Full Year 2023 Earnings: EPS Beats Expectations

Cornerstone FS (LON:CSFS) Full Year 2023 Results

Key Financial Results

• Revenue: UK£9.65m (up 100% from FY 2022).
• Net income: UK£2.13m (up from UK£5.61m loss in FY 2022).
• Profit margin: 22% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue.
• EPS: UK£0.038 (up from UK£0.17 loss in FY 2022).

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

Cornerstone FS EPS Beats Expectations

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

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 9.5% decline forecast for the Diversified Financial industry in the United Kingdom.

Performance of the British Diversified Financial industry.

The company's shares are down 1.3% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Cornerstone FS (1 is concerning!) that you should be aware of.

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