Fiera Capital Full Year 2023 Earnings: Beats Expectations
Fiera Capital (TSE:FSZ) Full Year 2023 Results
Key Financial Results
Revenue: CA$686.6m (flat on FY 2022).
Net income: CA$58.5m (up 131% from FY 2022).
Profit margin: 8.5% (up from 3.7% in FY 2022).
EPS: CA$0.56 (up from CA$0.25 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Fiera Capital Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 63%.
Looking ahead, revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Capital Markets industry in Canada.
Performance of the Canadian Capital Markets industry.
The company's shares are up 8.5% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 5 warning signs for Fiera Capital (2 shouldn't be ignored!) that you need to be mindful of.
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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.
