TP ICAP Group Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

TP ICAP Group (LON:TCAP) Full Year 2023 Results

Key Financial Results

• Revenue: UK£2.13b (up 3.4% from FY 2022).

• Net income: UK£74.0m (down 28% from FY 2022).

• Profit margin: 3.5% (down from 5.0% in FY 2022).

• EPS: UK£0.095 (down from UK£0.13 in FY 2022).

LSE:TCAP Revenue and Expenses Breakdown March 15th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

TP ICAP Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 42%.

The primary driver behind last 12 months revenue was the Global Broking segment contributing a total revenue of UK£1.26b (59% of total revenue). The largest operating expense was General & Administrative costs, amounting to UK£1.86b (91% of total expenses). Explore how TCAP's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Capital Markets industry in the United Kingdom.

Performance of the British Capital Markets industry.

The company's shares are up 15% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for TP ICAP Group you should be aware of.

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