Vanquis Banking Group Full Year 2023 Earnings: EPS Misses Expectations

Vanquis Banking Group (LON:VANQ) Full Year 2023 Results

Key Financial Results

• Revenue: UK£324.4m (down 22% from FY 2022).
• Net loss: UK£6.00m (down by 107% from UK£82.3m profit in FY 2022).
• UK£0.024 loss per share (down from UK£0.33 profit in FY 2022).

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

Vanquis Banking Group EPS Misses Expectations

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

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Finance industry in the United Kingdom.

Performance of the British Consumer Finance industry.

The company's shares are up 7.6% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Vanquis Banking Group that we have uncovered.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.