Information Services Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Information Services (TSE:ISV) Full Year 2023 Results
Key Financial Results
Revenue: CA$214.5m (up 13% from FY 2022).
Net income: CA$25.0m (down 19% from FY 2022).
Profit margin: 12% (down from 16% in FY 2022). The decrease in margin was driven by higher expenses.
EPS: CA$1.41 (down from CA$1.75 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Information Services Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 1.1%.
Looking ahead, revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 2.3% growth forecast for the Real Estate industry in Canada.
Performance of the Canadian Real Estate industry.
The company's shares are up 9.1% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Information Services has 3 warning signs (and 1 which is concerning) we think you should know about.
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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.
