Conduit Holdings (LON:CRE) Full Year 2023 Results
Key Financial Results
- Revenue: US$221.4m (down 49% from FY 2022).
- Net income: US$190.8m (up from US$89.7m loss in FY 2022).
- Profit margin: 86% (up from net loss in FY 2022). The move to profitability was driven by lower expenses.
- EPS: US$1.19 (up from US$0.55 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Conduit Holdings EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 18%.
Looking ahead, revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 28% growth forecast for the Insurance industry in the United Kingdom.
Performance of the British Insurance industry.
The company's shares are up 8.2% from a week ago.
Risk Analysis
Be aware that Conduit Holdings is showing 1 warning sign in our investment analysis that you should know about...
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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.
About LSE:CRE
Very undervalued with outstanding track record.
