Clean Seas Seafood Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag
Clean Seas Seafood (ASX:CSS) Full Year 2023 Results
Key Financial Results
Revenue: AU$70.0m (up 5.8% from FY 2022).
Net income: AU$6.00m (down 31% from FY 2022).
Profit margin: 8.6% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses.
EPS: AU$0.036 (down from AU$0.053 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Clean Seas Seafood EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates.
Looking ahead, revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Food industry in Australia.
Performance of the Australian Food industry.
The company's shares are down 7.5% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 3 warning signs for Clean Seas Seafood (1 is a bit concerning!) that you should be aware of.
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