Flaherty & Crumrine Preferred Securities Income Fund Past Earnings Performance
Past criteria checks 2/6
Flaherty & Crumrine Preferred Securities Income Fund's earnings have been declining at an average annual rate of -39.2%, while the Capital Markets industry saw earnings growing at 9.7% annually. Revenues have been growing at an average rate of 1.6% per year. Flaherty & Crumrine Preferred Securities Income Fund's return on equity is 0.9%, and it has net margins of 7.9%.
Key information
-39.2%
Earnings growth rate
-39.0%
EPS growth rate
| Capital Markets Industry Growth | 10.3% |
| Revenue growth rate | 1.6% |
| Return on equity | 0.9% |
| Net Margin | 7.9% |
| Last Earnings Update | 30 Nov 2023 |
Recent past performance updates
No updates
Recent updates
FFC: Leveraged Bank Preferred Equity In Need Of Lower Rates
Apr 08FFC: Portfolio Assets Appear Overpriced, Some Profit-Taking Could Be Smart
Feb 02FFC: Better Yields Can Be Obtained Elsewhere
Nov 15FFC: A High-Yielding Fixed-Income Fund With A Huge Discount
Sep 10FFC: Understanding The Plunge, Staying On The Sidelines
Jun 30FFC: Solid Preferred Stock Fund But Too Much Duration For My Outlook
Feb 08Flaherty & Crumrine Preferred and Income Securities Fund Incorporated decreases dividend by -7% to $0.093/share
Jan 20FFC: Reasonable Investment Thesis But May Be Best To Wait Out Fed Policy
Dec 27Flaherty & Crumrine Preferred and Income Securities Fund Incorporated declares $0.10 dividend
Dec 09FFC: 6 Month Checkup On This Popular Preferred Stock CEF
Oct 23FFC: Deep Discount Appears
Oct 17Flaherty & Crumrine Preferred and Income Securities Fund Incorporated goes ex dividend tomorrow
Aug 22FFC And FLC: Preferred Funds That Hit The Spot
Jul 29HPI Vs. FFC: Similar Results Despite The Differences
Apr 06FFC: Reliable Preferred Stock CEF With A Normalizing Premium
Feb 08FFC: Preferred Share Fund Gets Cheaper After Distribution Cut
Dec 18Time To Swap Finally To Flaherty Preferreds And Capture Relative Value?
Sep 10FFC: Preferred Fund Offered From The Preferrable Fund Sponsor
Jul 28FFC: Still Priced For Significant Underperformance
Jun 01FFC: Solid Yield, But Too Expensive
Dec 20Flaherty & Crumrine Preferred And Income Securities Fund: Money In The Bank
Dec 18Flaherty & Crumrine Preferred and Income Securities Fund Incorporated declares $0.129 dividend
Dec 10Revenue & Expenses BreakdownBeta
How Flaherty & Crumrine Preferred Securities 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 |
|---|---|---|---|---|
| 30 Nov 23 | 86 | 7 | 7 | 0 |
| 31 Aug 23 | 85 | -40 | 7 | 0 |
| 31 May 23 | 85 | -87 | 7 | 0 |
| 28 Feb 23 | 84 | -121 | 7 | 0 |
| 30 Nov 22 | 83 | -155 | 8 | 0 |
| 31 Aug 22 | 82 | -123 | 8 | 0 |
| 31 May 22 | 81 | -91 | 8 | 0 |
| 28 Feb 22 | 80 | -9 | 8 | 0 |
| 30 Nov 21 | 79 | 73 | 8 | 0 |
| 31 Aug 21 | 79 | 129 | 8 | 0 |
| 31 May 21 | 78 | 184 | 8 | 0 |
| 28 Feb 21 | 79 | 128 | 8 | 0 |
| 30 Nov 20 | 79 | 71 | 7 | 0 |
| 31 Aug 20 | 79 | 47 | 7 | 0 |
| 31 May 20 | 80 | 22 | 8 | 0 |
| 29 Feb 20 | 80 | 94 | 8 | 0 |
| 30 Nov 19 | 80 | 165 | 7 | 0 |
| 31 Aug 19 | 80 | 112 | 7 | 0 |
| 31 May 19 | 80 | 58 | 7 | 0 |
| 28 Feb 19 | 79 | 8 | 7 | 0 |
| 30 Nov 18 | 78 | -42 | 7 | 0 |
| 31 Aug 18 | 77 | -8 | 7 | 0 |
| 31 May 18 | 77 | 25 | 8 | 0 |
| 28 Feb 18 | 78 | 86 | 8 | 0 |
| 30 Nov 17 | 78 | 146 | 8 | 0 |
| 31 Aug 17 | 57 | 140 | 13 | 0 |
| 31 May 17 | 81 | 121 | 7 | 0 |
| 28 Feb 17 | 82 | 85 | 7 | 0 |
| 30 Nov 16 | 83 | 49 | 7 | 0 |
| 31 Aug 16 | 105 | 39 | 2 | 0 |
| 31 May 16 | 83 | 44 | 7 | 0 |
| 29 Feb 16 | 82 | 40 | 7 | 0 |
| 30 Nov 15 | 82 | 36 | 7 | 0 |
| 31 Aug 15 | 82 | 54 | 7 | 0 |
| 31 May 15 | 83 | 73 | 7 | 0 |
| 28 Feb 15 | 83 | 106 | 7 | 0 |
| 30 Nov 14 | 83 | 139 | 7 | 0 |
| 31 Aug 14 | 83 | 107 | 7 | 0 |
| 31 May 14 | 83 | 76 | 7 | 0 |
| 28 Feb 14 | 84 | 62 | 7 | 0 |
| 30 Nov 13 | 85 | 48 | 7 | 0 |
| 31 Aug 13 | 86 | 110 | 8 | 0 |
| 31 May 13 | 86 | 172 | 8 | 0 |
Quality Earnings: FFC has a large one-off loss of $42.3M impacting its last 12 months of financial results to 30th November, 2023.
Growing Profit Margin: FFC became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: FFC has become profitable over the past 5 years, growing earnings by -39.2% per year.
Accelerating Growth: FFC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: FFC 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: FFC's Return on Equity (0.9%) is considered low.