Blue Owl Capital Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Blue Owl Capital (NYSE:OWL) Full Year 2023 Results

Key Financial Results

• Revenue: US$1.73b (up 26% from FY 2022).
• Net income: US$54.3m (up from US$9.29m loss in FY 2022).
• Profit margin: 3.1% (up from net loss in FY 2022).
• EPS: US$0.12 (up from US$0.021 loss in FY 2022).

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

Blue Owl Capital Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 84%.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are up 1.2% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for Blue Owl Capital that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.