Yahoo Finance Ebix First Quarter 2023 Earnings: Beats Expectations
Ebix (NASDAQ:EBIX) First Quarter 2023 Results
Key Financial Results
Revenue: US$242.8m (down 15% from 1Q 2022).
Net income: US$7.07m (down 63% from 1Q 2022).
Profit margin: 2.9% (down from 6.7% in 1Q 2022). The decrease in margin was driven by lower revenue.
EPS: US$0.23 (down from US$0.63 in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ebix Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 6.9%. Earnings per share (EPS) also surpassed analyst estimates by 21%.
The company's shares are up 2.2% from a week ago.
Risk Analysis
Before you take the next step you should know about the 4 warning signs for Ebix (2 shouldn't be ignored!) that we have uncovered.
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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.
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