Babcock International Group Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Babcock International Group (LON:BAB) Full Year 2023 Results
Key Financial Results
Revenue: UK£4.44b (up 8.2% from FY 2022).
Net loss: UK£35.0m (down by 121% from UK£164.2m profit in FY 2022).
UK£0.069 loss per share (down from UK£0.33 profit in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Babcock International Group Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 8.9%. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is expected to decline by 2.8% p.a. on average during the next 3 years, while revenues in the Aerospace & Defense industry in the United Kingdom are expected to grow by 2.8%.
Performance of the British Aerospace & Defense industry.
The company's shares are up 22% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Babcock International Group's balance sheet.
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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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