Stock Analysis

Harworth Group Full Year 2022 Earnings: Beats Expectations

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Harworth Group (LON:HWG) Full Year 2022 Results

Key Financial Results

  • Revenue: UK£166.7m (up 52% from FY 2021).
  • Net income: UK£27.8m (down 70% from FY 2021).
  • Profit margin: 17% (down from 86% in FY 2021).
  • EPS: UK£0.086 (down from UK£0.29 in FY 2021).
LSE:HWG Earnings and Revenue Growth March 16th 2023

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

Harworth Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 37%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is expected to fall by 16% p.a. on average during the next 3 years compared to a 7.5% decline forecast for the Real Estate industry in the United Kingdom.

Performance of the British Real Estate industry.

The company's shares are down 5.7% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Harworth Group you should be aware of.

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