Telkom SA SOC Full Year 2023 Earnings: EPS Misses Expectations
Telkom SA SOC (JSE:TKG) Full Year 2023 Results
Key Financial Results
Revenue: R44.0b (up 2.7% from FY 2022).
Net loss: R9.97b (down by 479% from R2.63b profit in FY 2022).
R20.59 loss per share (down from R5.37 profit in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Telkom SA SOC EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 3.4% growth forecast for the Telecom industry in Africa.
Performance of the market in South Africa.
The company's shares are up 12% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for Telkom SA SOC (1 is concerning!) that you need to be mindful of.
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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.
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