Vector Group First Quarter 2023 Earnings: EPS: US$0.22 (vs US$0.21 in 1Q 2022)
Vector Group (NYSE:VGR) First Quarter 2023 Results
Key Financial Results
Revenue: US$334.1m (up 71% from 1Q 2022).
Net income: US$34.7m (up 10% from 1Q 2022).
Profit margin: 10% (down from 16% in 1Q 2022). The decrease in margin was driven by higher expenses.
EPS: US$0.22 (up from US$0.21 in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Vector Group Earnings Insights
Looking ahead, revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Global Tobacco industry.
Performance of the market in the US.
The company's shares are down 11% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 4 warning signs for Vector Group (of which 2 are significant!) you should know about.
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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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