Watkin Jones Full Year 2023 Earnings: Beats Expectations

Watkin Jones (LON:WJG) Full Year 2023 Results

Key Financial Results

• Revenue: UK£413.2m (up 1.5% from FY 2022).
• Net loss: UK£32.5m (down by 343% from UK£13.4m profit in FY 2022).
• UK£0.13 loss per share (down from UK£0.052 profit in FY 2022).

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

Watkin Jones Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 9.2%.

Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 3.3% decline forecast for the Real Estate industry in the United Kingdom.

Performance of the British Real Estate industry.

The company's shares are down 10% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Watkin Jones (1 shouldn't be ignored!) that you should be aware of before investing here.

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