Park Lawn Full Year 2023 Earnings: EPS Misses Expectations
Park Lawn (TSE:PLC) Full Year 2023 Results
Key Financial Results
Revenue: US$342.0m (up 6.6% from FY 2022).
Net loss: US$7.61m (down by 130% from US$25.1m profit in FY 2022).
US$0.22 loss per share (down from US$0.73 profit in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Park Lawn EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.
The primary driver behind last 12 months revenue was the Funeral Home segment contributing a total revenue of US$203.4m (59% of total revenue). The largest operating expense was General & Administrative costs, amounting to US$180.4m (69% of total expenses). Explore how PLC's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 11% growth forecast for the Consumer Services industry in North America.
Performance of the market in Canada.
The company's shares are down 8.7% from a week ago.
Valuation
If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates Park Lawn could be a good place to look. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.
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