Spirent Communications Full Year 2023 Earnings: Misses Expectations
Spirent Communications (LON:SPT) Full Year 2023 Results
Key Financial Results
Revenue: US$474.3m (down 22% from FY 2022).
Net income: US$25.2m (down 75% from FY 2022).
Profit margin: 5.3% (down from 16% in FY 2022).
EPS: US$0.043 (down from US$0.17 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Spirent Communications Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 18%.
Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 9.2% growth forecast for the Communications industry in the United Kingdom.
Performance of the British Communications industry.
The company's shares are up 63% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 4 warning signs for Spirent Communications (of which 1 is concerning!) you should know about.
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