Janus Henderson Group Full Year 2023 Earnings: Beats Expectations

Janus Henderson Group (NYSE:JHG) Full Year 2023 Results

Key Financial Results

• Revenue: US$2.10b (down 4.6% from FY 2022).
• Net income: US$380.8m (up 5.5% from FY 2022).
• Profit margin: 18% (up from 16% in FY 2022). The increase in margin was driven by lower expenses.
• EPS: US$2.37 (up from US$2.23 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Janus Henderson Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 1.3%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 6.5% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Janus Henderson Group (of which 1 is a bit unpleasant!) you should know about.

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