Smith & Nephew Full Year 2022 Earnings: EPS Misses Expectations

Simply Wall St

February 23, 2023

Smith & Nephew (LON:SN.) Full Year 2022 Results

Key Financial Results

Revenue: US$5.22b (flat on FY 2021).
Net income: US$223.0m (down 57% from FY 2021).
Profit margin: 4.3% (down from 10% in FY 2021).
EPS: US$0.26 (down from US$0.60 in FY 2021).

earnings-and-revenue-growth — LSE:SN. Earnings and Revenue Growth February 23rd 2023

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

Smith & Nephew EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 41%.

Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Medical Equipment industry in the United Kingdom.

Performance of the British Medical Equipment industry.

The company's shares are up 5.0% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Smith & Nephew you should be aware of, and 2 of them are potentially serious.

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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.