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Filtronic Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

Filtronic (LON:FTC) Full Year 2023 Results

Key Financial Results

  • Revenue: UK£16.3m (down 4.6% from FY 2022).

  • Net income: UK£464.0k (down 68% from FY 2022).

  • Profit margin: 2.9% (down from 8.6% in FY 2022). The decrease in margin was primarily driven by lower revenue.

  • EPS: UK£0.002 (down from UK£0.007 in FY 2022).

earnings-and-revenue-history
earnings-and-revenue-history

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

Filtronic EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 62%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Communications industry in the United Kingdom.

Performance of the British Communications industry.

The company's shares are down 11% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Filtronic you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.