Man Group First Half 2023 Earnings: Revenues Beat Expectations, EPS Lags

Man Group (LON:EMG) First Half 2023 Results

Key Financial Results

• Revenue: US$506.0m (down 43% from 1H 2022).
• Net income: US$83.0m (down 73% from 1H 2022).
• Profit margin: 16% (down from 35% in 1H 2022). The decrease in margin was driven by lower revenue.
• EPS: US$0.07 (down from US$0.23 in 1H 2022).

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

Man Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Capital Markets industry in the United Kingdom.

Performance of the British Capital Markets industry.

The company's shares are down 9.5% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Man Group that we have uncovered.

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