Ashmore Group Full Year 2023 Earnings: EPS Misses Expectations

Ashmore Group (LON:ASHM) Full Year 2023 Results

Key Financial Results

• Revenue: UK£191.0m (down 24% from FY 2022).
• Net income: UK£83.3m (down 5.9% from FY 2022).
• Profit margin: 44% (up from 35% in FY 2022). The increase in margin was driven by lower expenses.
• EPS: UK£0.12 (down from UK£0.13 in FY 2022).

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

Ashmore Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.6%.

Looking ahead, revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Capital Markets industry in the United Kingdom.

Performance of the British Capital Markets industry.

The company's shares are down 1.0% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Ashmore Group you should be aware of.

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