First Trust Enhanced Equity Income Fund Past Earnings Performance
Past criteria checks 2/6
First Trust Enhanced Equity Income Fund's earnings have been declining at an average annual rate of -2.9%, while the Capital Markets industry saw earnings growing at 9.7% annually. Revenues have been declining at an average rate of 0.4% per year. First Trust Enhanced Equity Income Fund's return on equity is 17.7%, and it has net margins of 938.7%.
Key information
-2.9%
Earnings growth rate
-2.9%
EPS growth rate
| Capital Markets Industry Growth | 10.3% |
| Revenue growth rate | -0.4% |
| Return on equity | 17.7% |
| Net Margin | 938.7% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
No updates
Recent updates
FFA: If You Want To Buy Equities, Buy Them With A Discount
Mar 27FFA: Not The Most Balanced Portfolio, But This Covered Call CEF Is Still Decent
Jan 15FFA: Discount Narrows Taking Away Some Appeal, But Still A Solid Fund To Hold
Aug 16First Trust Enhanced Equity Income Fund declares $0.315 dividend
Dec 13FFA: Unloved Buy-Write CEF, 8% Yield
Nov 09First Trust Enhanced Equity Income Fund goes ex-dividend tomorrow
Sep 21FFA: An Interesting Play In The Call Writing Space
Aug 11First Trust Enhanced Equity Income Fund declares $0.285 dividend
Dec 10Revenue & Expenses BreakdownBeta
How First Trust Enhanced Equity Income Fund makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 7 | 66 | 4 | 0 |
| 30 Sep 23 | 7 | 59 | 4 | 0 |
| 30 Jun 23 | 7 | 52 | 4 | 0 |
| 31 Mar 23 | 7 | -8 | 4 | 0 |
| 31 Dec 22 | 7 | -69 | 4 | 0 |
| 30 Sep 22 | 7 | -57 | 4 | 0 |
| 30 Jun 22 | 7 | -46 | 5 | 0 |
| 31 Mar 22 | 6 | 20 | 4 | 0 |
| 31 Dec 21 | 6 | 87 | 4 | 0 |
| 30 Sep 21 | 6 | 106 | 4 | 0 |
| 30 Jun 21 | 6 | 124 | 4 | 0 |
| 31 Mar 21 | 6 | 87 | 4 | 0 |
| 31 Dec 20 | 6 | 50 | 4 | 0 |
| 30 Sep 20 | 6 | 31 | 4 | 0 |
| 30 Jun 20 | 7 | 13 | 4 | 0 |
| 31 Mar 20 | 7 | 48 | 4 | 0 |
| 31 Dec 19 | 7 | 83 | 4 | 0 |
| 30 Sep 19 | 7 | 53 | 4 | 0 |
| 30 Jun 19 | 7 | 23 | 4 | 0 |
| 31 Mar 19 | 7 | -3 | 4 | 0 |
| 31 Dec 18 | 7 | -30 | 4 | 0 |
| 30 Sep 18 | 7 | -5 | 4 | 0 |
| 30 Jun 18 | 8 | 20 | 4 | 0 |
| 31 Mar 18 | 8 | 34 | 4 | 0 |
| 31 Dec 17 | 8 | 48 | 4 | 0 |
| 30 Sep 17 | 7 | 46 | 4 | 0 |
| 30 Jun 17 | 7 | 45 | 3 | 0 |
| 31 Mar 17 | 7 | 35 | 3 | 0 |
| 31 Dec 16 | 7 | 24 | 3 | 0 |
| 30 Sep 16 | 7 | 12 | 3 | 0 |
| 30 Jun 16 | 7 | 0 | 3 | 0 |
| 31 Mar 16 | 7 | 0 | 3 | 0 |
| 31 Dec 15 | 8 | 0 | 4 | 0 |
| 30 Sep 15 | 8 | 7 | 4 | 0 |
| 30 Jun 15 | 9 | 15 | 4 | 0 |
| 31 Mar 15 | 9 | 24 | 4 | 0 |
| 31 Dec 14 | 8 | 33 | 4 | 0 |
| 30 Sep 14 | 8 | 45 | 4 | 0 |
| 30 Jun 14 | 8 | 57 | 4 | 0 |
| 31 Mar 14 | 8 | 57 | 3 | 0 |
| 31 Dec 13 | 8 | 57 | 3 | 0 |
| 30 Sep 13 | 8 | 46 | 3 | 0 |
| 30 Jun 13 | 8 | 35 | 3 | 0 |
Quality Earnings: FFA has a large one-off gain of $67.8M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: FFA became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: FFA has become profitable over the past 5 years, growing earnings by -2.9% per year.
Accelerating Growth: FFA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: FFA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (3.3%).
Return on Equity
High ROE: FFA's Return on Equity (17.7%) is considered low.