Summerset Group Holdings Full Year 2023 Earnings: EPS Beats Expectations

Summerset Group Holdings (NZSE:SUM) Full Year 2023 Results

Key Financial Results

• Revenue: NZ$270.5m (up 14% from FY 2022).
• Net income: NZ$436.3m (up 62% from FY 2022).
• EPS: NZ$1.87 (up from NZ$1.17 in FY 2022).

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

Summerset Group Holdings EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 128%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Healthcare industry in New Zealand.

Performance of the New Zealander Healthcare industry.

The company's shares are up 1.7% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Summerset Group Holdings you should be aware of, and 2 of them make us uncomfortable.

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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.