Stock Analysis

Fletcher Building Full Year 2023 Earnings: Misses Expectations

Simply Wall St

August 17, 2023

Fletcher Building (NZSE:FBU) Full Year 2023 Results

Key Financial Results

Revenue: NZ$8.47b (flat on FY 2022).
Net income: NZ$235.0m (down 46% from FY 2022).
Profit margin: 2.8% (down from 5.1% in FY 2022).
EPS: NZ$0.30 (down from NZ$0.54 in FY 2022).

earnings-and-revenue-growth — NZSE:FBU Earnings and Revenue Growth August 17th 2023

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

Fletcher Building Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 34%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 5.8% growth forecast for the Global Building industry.

Performance of the market in New Zealand.

The company's shares are down 6.7% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Fletcher Building (1 can't be ignored) you should be aware of.

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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.