Costain Group Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag
Costain Group (LON:COST) Full Year 2023 Results
Key Financial Results
Revenue: UK£1.33b (down 6.3% from FY 2022).
Net income: UK£22.1m (down 15% from FY 2022).
Profit margin: 1.7% (in line with FY 2022).
EPS: UK£0.081 (down from UK£0.094 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Costain Group EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) exceeded analyst estimates by 17%.
The primary driver behind last 12 months revenue was the Transportation segment contributing a total revenue of UK£943.1m (71% of total revenue). Notably, cost of sales worth UK£1.23b amounted to 92% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to UK£61.5m (74% of total expenses). Explore how COST's revenue and expenses shape its earnings.
Looking ahead, revenue is expected to decline by 3.8% p.a. on average during the next 3 years, while revenues in the Construction industry in the United Kingdom are expected to grow by 3.3%.
Performance of the British Construction industry.
The company's shares are down 1.2% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Costain Group, and understanding them should be part of your investment process.
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