Western Asset Managed Municipals Fund Past Earnings Performance
Past criteria checks 1/6
Western Asset Managed Municipals Fund's earnings have been declining at an average annual rate of -37.4%, while the Capital Markets industry saw earnings growing at 8.9% annually. Revenues have been declining at an average rate of 5.5% per year. Western Asset Managed Municipals Fund's return on equity is 4.3%, and it has net margins of 83%.
Key information
-37.4%
Earnings growth rate
-38.7%
EPS growth rate
| Capital Markets Industry Growth | 10.3% |
| Revenue growth rate | -5.5% |
| Return on equity | 4.3% |
| Net Margin | 83.0% |
| Last Earnings Update | 30 Nov 2023 |
Recent past performance updates
No updates
Recent updates
Revenue & Expenses BreakdownBeta
How Western Asset Managed Municipals 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 | 32 | 27 | 7 | 0 |
| 31 Aug 23 | 31 | 8 | 7 | 0 |
| 31 May 23 | 30 | -11 | 7 | 0 |
| 28 Feb 23 | 29 | -52 | 7 | 0 |
| 30 Nov 22 | 29 | -93 | 7 | 0 |
| 31 Aug 22 | 28 | -79 | 7 | 0 |
| 31 May 22 | 28 | -65 | 7 | 0 |
| 28 Feb 22 | 29 | -17 | 7 | 0 |
| 30 Nov 21 | 30 | 31 | 7 | 0 |
| 31 Aug 21 | 30 | 52 | 7 | 0 |
| 31 May 21 | 31 | 73 | 7 | 0 |
| 28 Feb 21 | 31 | 49 | 7 | 0 |
| 30 Nov 20 | 32 | 25 | 7 | 0 |
| 31 Aug 20 | 32 | 10 | 7 | 0 |
| 31 May 20 | 33 | -5 | 7 | 0 |
| 29 Feb 20 | 34 | 27 | 7 | 0 |
| 30 Nov 19 | 36 | 59 | 7 | 0 |
| 31 Aug 19 | 37 | 49 | 7 | 0 |
| 31 May 19 | 38 | 40 | 7 | 0 |
| 28 Feb 19 | 38 | 20 | 7 | 0 |
| 30 Nov 18 | 38 | 1 | 7 | 0 |
| 31 Aug 18 | 38 | 7 | 7 | 0 |
| 31 May 18 | 39 | 12 | 7 | 0 |
| 28 Feb 18 | 39 | 26 | 7 | 0 |
| 30 Nov 17 | 40 | 40 | 7 | 0 |
| 31 Aug 17 | 40 | 23 | 7 | 0 |
| 31 May 17 | 40 | 7 | 7 | 0 |
| 28 Feb 17 | 40 | 6 | 7 | 0 |
| 30 Nov 16 | 40 | 6 | 7 | 0 |
| 31 Aug 16 | 39 | 24 | 7 | 0 |
| 31 May 16 | 39 | 42 | 7 | 0 |
| 29 Feb 16 | 39 | 32 | 7 | 0 |
| 30 Nov 15 | 39 | 21 | 7 | 0 |
| 31 Aug 15 | 39 | 29 | 6 | 0 |
| 31 May 15 | 39 | 37 | 6 | 0 |
| 28 Feb 15 | 40 | 63 | 6 | 0 |
| 30 Nov 14 | 40 | 90 | 5 | 0 |
| 31 Aug 14 | 39 | 55 | 5 | 0 |
| 31 May 14 | 39 | 20 | 5 | 0 |
| 28 Feb 14 | 39 | -16 | 5 | 0 |
| 30 Nov 13 | 39 | -53 | 5 | 0 |
| 31 Aug 13 | 39 | -7 | 5 | 0 |
| 31 May 13 | 40 | 39 | 5 | 0 |
Quality Earnings: MMU has a large one-off gain of $10.2M impacting its last 12 months of financial results to 30th November, 2023.
Growing Profit Margin: MMU became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MMU's earnings have declined by 37.4% per year over the past 5 years.
Accelerating Growth: MMU has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: MMU has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (-0.3%).
Return on Equity
High ROE: MMU's Return on Equity (4.3%) is considered low.