Foxtons Group First Half 2023 Earnings: EPS: UK£0.014 (vs UK£0.009 in 1H 2022)

In this article:

Foxtons Group (LON:FOXT) First Half 2023 Results

Key Financial Results

  • Revenue: UK£70.9m (up 9.0% from 1H 2022).

  • Net income: UK£4.12m (up 42% from 1H 2022).

  • Profit margin: 5.8% (up from 4.5% in 1H 2022). The increase in margin was driven by higher revenue.

  • EPS: UK£0.014 (up from UK£0.009 in 1H 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Foxtons Group Earnings Insights

Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 6.2% decline forecast for the Real Estate industry in the United Kingdom.

Performance of the British Real Estate industry.

The company's shares are up 2.7% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Foxtons Group 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.

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