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Donnelley Financial Solutions First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Donnelley Financial Solutions (NYSE:DFIN) First Quarter 2024 Results
Key Financial Results
- Revenue: US$203.4m (up 2.4% from 1Q 2023).
- Net income: US$33.3m (up 111% from 1Q 2023).
- Profit margin: 16% (up from 8.0% in 1Q 2023). The increase in margin was primarily driven by lower expenses.
- EPS: US$1.14 (up from US$0.54 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Donnelley Financial Solutions EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) exceeded analyst estimates by 56%.
Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Capital Markets industry in the US.
Performance of the American Capital Markets industry.
The company's shares are down 8.4% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Donnelley Financial Solutions' balance sheet and an in-depth analysis of the company's financial position.
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Find out whether Donnelley Financial Solutions 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 NYSE:DFIN
Donnelley Financial Solutions
Provides innovative software and technology-enabled financial regulatory and compliance solutions in the United States, Asia, Europe, Canada, and internationally.
Solid track record with excellent balance sheet.