China Aircraft Leasing Group Holdings Full Year 2023 Earnings: EPS Misses Expectations

China Aircraft Leasing Group Holdings (HKG:1848) Full Year 2023 Results

Key Financial Results

• Revenue: HK$3.00b (up 52% from FY 2022).
• Net income: HK$28.3m (down 62% from FY 2022).
• Profit margin: 0.9% (down from 3.7% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: HK$0.038 (down from HK$0.099 in FY 2022).

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

China Aircraft Leasing Group Holdings EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 95%.

Looking ahead, revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Trade Distributors industry in Hong Kong.

Performance of the Hong Kong Trade Distributors industry.

The company's shares are down 9.7% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for China Aircraft Leasing Group Holdings (of which 1 makes us a bit uncomfortable!) 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.