Frontier Developments Full Year 2023 Earnings: EPS Misses Expectations
Frontier Developments (LON:FDEV) Full Year 2023 Results
Key Financial Results
Revenue: UK£104.6m (down 8.3% from FY 2022).
Net loss: UK£20.9m (down by 317% from UK£9.63m profit in FY 2022).
UK£0.54 loss per share (down from UK£0.25 profit in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Frontier Developments EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly.
Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Entertainment industry in the United Kingdom.
Performance of the British Entertainment industry.
The company's shares are down 6.9% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. See our latest analysis on Frontier Developments' balance sheet health.
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