TT Electronics Full Year 2023 Earnings: Misses Expectations
TT Electronics (LON:TTG) Full Year 2023 Results
Key Financial Results
Revenue: UK£613.9m (flat on FY 2022).
Net loss: UK£6.80m (loss narrowed by 49% from FY 2022).
UK£0.039 loss per share (improved from UK£0.075 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
TT Electronics Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 4.9% growth forecast for the Electronic industry in the United Kingdom.
Performance of the British Electronic industry.
The company's shares are up 9.6% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for TT Electronics (1 is concerning!) that you need to take into consideration.
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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.
