JTC Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

In This Article:

JTC (LON:JTC) Full Year 2023 Results

Key Financial Results

  • Revenue: UK£257.4m (up 29% from FY 2022).

  • Net income: UK£21.8m (down 37% from FY 2022).

  • Profit margin: 8.5% (down from 17% in FY 2022). The decrease in margin was driven by higher expenses.

  • EPS: UK£0.14 (down from UK£0.24 in FY 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

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

JTC Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 43%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Capital Markets industry in the United Kingdom.

Performance of the British Capital Markets industry.

The company's shares are down 4.5% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with JTC.

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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.