Stock Analysis

Harworth Group Full Year 2022 Earnings: Beats Expectations

LSE:HWG
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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).
earnings-and-revenue-growth
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.

Valuation is complex, but we're here to simplify it.

Discover if Harworth Group might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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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.