Crest Nicholson Holdings Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Crest Nicholson Holdings (LON:CRST) Full Year 2023 Results
Key Financial Results
Revenue: UK£657.5m (down 28% from FY 2022).
Net income: UK£17.9m (down 32% from FY 2022).
Profit margin: 2.7% (down from 2.9% in FY 2022).
EPS: UK£0.07 (down from UK£0.10 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Crest Nicholson Holdings Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 52%.
In the last 12 months, the only revenue segment was Home Builders - Residential / Commercial contributing UK£657.5m. Notably, cost of sales worth UK£556.9m amounted to 85% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to UK£55.6m (67% of total expenses). Explore how CRST's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Consumer Durables industry in the United Kingdom.
Performance of the British Consumer Durables industry.
The company's shares are up 2.4% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for Crest Nicholson Holdings that you should be aware of.
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