Duxton Water Full Year 2023 Earnings: Misses Expectations
Duxton Water (ASX:D2O) Full Year 2023 Results
Key Financial Results
Revenue: AU$20.9m (up 4.8% from FY 2022).
Net income: AU$6.33m (down 37% from FY 2022).
Profit margin: 30% (down from 50% in FY 2022). The decrease in margin was driven by higher expenses.
EPS: AU$0.048 (down from AU$0.084 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Duxton Water Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 32%.
Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Global Water Utilities industry.
Performance of the market in Australia.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
It is worth noting though that we have found 4 warning signs for Duxton Water (1 is a bit concerning!) that you need to take into consideration.
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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.
