Stock Analysis

Schroders Full Year 2023 Earnings: EPS Misses Expectations

Simply Wall St

Published March 25, 2024

Schroders (LON:SDR) Full Year 2023 Results

Key Financial Results

Revenue: UK£2.99b (flat on FY 2022).
Net income: UK£388.2m (down 19% from FY 2022).
Profit margin: 13% (down from 16% in FY 2022).
EPS: UK£0.25 (down from UK£0.30 in FY 2022).

LSE:SDR Revenue and Expenses Breakdown March 25th 2024

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

Schroders EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%.

The primary driver behind last 12 months revenue was the Asset Management segment contributing a total revenue of UK£2.40b (80% of total revenue). The largest operating expense was General & Administrative costs, amounting to UK£1.71b (85% of total expenses). Explore how SDR's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 3.1% growth forecast for the Capital Markets industry in the United Kingdom.

Performance of the British Capital Markets industry.

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

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Schroders, and understanding them should be part of your investment process.

Valuation is complex, but we're helping make it simple.

Find out whether Schroders is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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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.