Reach Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Reach (LON:RCH) Full Year 2023 Results
Key Financial Results
Revenue: UK£568.6m (down 5.5% from FY 2022).
Net income: UK£21.5m (down 59% from FY 2022).
Profit margin: 3.8% (down from 8.7% in FY 2022).
EPS: UK£0.068 (down from UK£0.17 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Reach Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 51%.
Looking ahead, revenue is expected to decline by 3.2% p.a. on average during the next 3 years, while revenues in the Media industry in the United Kingdom are expected to grow by 4.2%.
Performance of the British Media industry.
The company's shares are up 25% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Reach (1 can't be ignored) you should be aware of.
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