Grosvenor Capital Management Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Grosvenor Capital Management (NASDAQ:GCMG) Full Year 2023 Results
Key Financial Results
Revenue: US$445.0m (flat on FY 2022).
Net income: US$12.8m (down 36% from FY 2022).
Profit margin: 2.9% (down from 4.4% in FY 2022).
EPS: US$0.30 (down from US$0.45 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Grosvenor Capital Management Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) missed analyst estimates by 91%.
Looking ahead, revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Capital Markets industry in the US.
Performance of the American Capital Markets industry.
The company's shares are down 2.2% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with Grosvenor Capital Management (at least 1 which is concerning), and understanding them should be part of your investment process.
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