Intermediate Capital Group First Half 2023 Earnings: Misses Expectations

Intermediate Capital Group (LON:ICP) First Half 2023 Results

Key Financial Results

• Revenue: UK£190.0m (down 58% from 1H 2022).
• Net income: UK£35.3m (down 85% from 1H 2022).
• Profit margin: 19% (down from 53% in 1H 2022). The decrease in margin was driven by lower revenue.
• EPS: UK£0.12 (down from UK£0.84 in 1H 2022).

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

Intermediate Capital Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 23%. Earnings per share (EPS) also missed analyst estimates by 52%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Capital Markets industry in the United Kingdom.

Performance of the British Capital Markets industry.

The company's shares are down 6.1% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Intermediate Capital Group (1 makes us a bit uncomfortable) you should be aware of.

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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.