Stock Analysis
- New Zealand
- /
- Telecom Services and Carriers
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- NZSE:CNU
Chorus Full Year 2023 Earnings: EPS Misses Expectations
Chorus (NZSE:CNU) Full Year 2023 Results
Key Financial Results
- Revenue: NZ$980.0m (up 1.6% from FY 2022).
- Net income: NZ$25.0m (down 61% from FY 2022).
- Profit margin: 2.6% (down from 6.6% in FY 2022). The decrease in margin was driven by higher expenses.
- EPS: NZ$0.06 (down from NZ$0.14 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Chorus EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.6%.
Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Telecom industry in Oceania.
Performance of the market in New Zealand.
The company's shares are down 4.7% from a week ago.
Risk Analysis
You should learn about the 3 warning signs we've spotted with Chorus (including 2 which can't be ignored).
Valuation is complex, but we're helping make it simple.
Find out whether Chorus is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About NZSE:CNU
Chorus
Provides fixed line communications infrastructure services in New Zealand.
Reasonable growth potential low.