China Beststudy Education Group Full Year 2023 Earnings: Beats Expectations

China Beststudy Education Group (HKG:3978) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥489.3m (flat on FY 2022).
• Net income: CN¥91.2m (up 62% from FY 2022).
• Profit margin: 19% (up from 12% in FY 2022).
• EPS: CN¥0.12 (up from CN¥0.075 in FY 2022).

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

China Beststudy Education Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 102%.

Looking ahead, revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Services industry in Hong Kong.

Performance of the Hong Kong Consumer Services industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with China Beststudy Education Group (including 1 which is concerning).

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