Stock Analysis
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- NasdaqGS:TROW
T. Rowe Price Group Full Year 2023 Earnings: EPS Beats Expectations
T. Rowe Price Group (NASDAQ:TROW) Full Year 2023 Results
Key Financial Results
- Revenue: US$6.46b (flat on FY 2022).
- Net income: US$1.74b (up 15% from FY 2022).
- Profit margin: 27% (up from 24% in FY 2022).
- EPS: US$7.78 (up from US$6.73 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
T. Rowe Price Group EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.6%.
Looking ahead, revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Capital Markets industry in the US.
Performance of the American Capital Markets industry.
The company's shares are up 2.4% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for T. Rowe Price Group that you should be aware of.
Valuation is complex, but we're helping make it simple.
Find out whether T. Rowe Price Group 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 NasdaqGS:TROW
T. Rowe Price Group
T. Rowe Price Group, Inc. is a publicly owned investment manager.