Yahoo Finance Environmental Group Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Environmental Group (ASX:EGL) Full Year 2023 Results
Key Financial Results
Revenue: AU$82.7m (up 45% from FY 2022).
Net income: AU$2.61m (up 68% from FY 2022).
Profit margin: 3.2% (up from 2.7% in FY 2022). The increase in margin was driven by higher revenue.
EPS: AU$0.008 (up from AU$0.005 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Environmental Group Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 8.8%. Earnings per share (EPS) missed analyst estimates by 11%.
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 33% decline forecast for the Machinery industry in Australia.
Performance of the Australian Machinery industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for Environmental Group that you need to be mindful of.
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