Foxtons Group Full Year 2023 Earnings: EPS Misses Expectations

Foxtons Group (LON:FOXT) Full Year 2023 Results

Key Financial Results

• Revenue: UK£147.1m (up 4.8% from FY 2022).
• Net income: UK£5.49m (down 43% from FY 2022).
• Profit margin: 3.7% (down from 6.8% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: UK£0.018 (down from UK£0.03 in FY 2022).

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

Foxtons Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 25%.

Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 4.6% decline forecast for the Real Estate industry in the United Kingdom.

Performance of the British Real Estate industry.

The company's shares are down 3.4% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Foxtons Group that you should be aware of.

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