Lendlease Group Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Lendlease Group (ASX:LLC) Full Year 2023 Results
Key Financial Results
Revenue: AU$10.4b (up 16% from FY 2022).
Net loss: AU$232.0m (loss widened by 84% from FY 2022).
AU$0.34 loss per share (further deteriorated from AU$0.18 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Lendlease Group Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 9.5%. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Real Estate industry in Australia.
Performance of the Australian Real Estate industry.
The company's shares are down 6.1% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Lendlease Group's balance sheet and an in-depth analysis of the company's financial position.
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