• Sun. Apr 21st, 2024

2023 Full Year Earnings Report: Science Group Exceeds Revenue Expectations but EPS Falls Short

BySamantha Johnson

Mar 22, 2024
2023 Full Year Earnings Report: Science Group Exceeds Revenue Expectations but EPS Falls Short

Science Group (LON:SAG) reported its Full Year 2023 Results, with key financial figures showing a revenue of UK£113.3m, marking a 31% increase from the previous year. However, net income saw a decrease of 48%, totaling UK£5.52m, with the profit margin also declining to 4.9% from 12% in FY 2022. This decrease in margin was attributed to higher expenses, leading to an earnings per share (EPS) of UK£0.12, down from UK£0.23 in the previous year.

The company’s performance was reflected in its earnings and revenue growth, with revenue beating analyst expectations by 1.2%, while EPS fell short by 42%. Looking ahead, Science Group’s revenue is forecasted to grow at an average rate of 1.3% per year over the next 3 years, compared to a 5.8% growth forecast for the Professional Services industry in the UK.

In terms of industry performance, the British Professional Services industry saw Science Group’s shares rise by 4.2% from the previous week. However, risk analysis is still crucial, with one warning sign identified for Science Group that investors should take into consideration.

Valuation of the company is complex, but investors can access comprehensive analysis including fair value estimates, risks, dividends, insider transactions, and financial health to determine if Science Group is potentially over or undervalued. Feedback on the article can be provided directly to the editorial team, highlighting any concerns about the content. This article by Simply Wall St provides general commentary based on historical data and analyst forecasts, without constituting financial advice or a recommendation to buy or sell any stock. The analysis aims to offer long-term focused insights based on fundamental data.

By Samantha Johnson

As a content writer at newszkz.com, I delve into the realms of storytelling, blending words to paint vivid narratives that captivate and inform our readers. With a keen eye for detail and a passion for research, I craft compelling articles that resonate with our audience. My love for words drives me to explore diverse topics, ensuring that each piece I create not only educates but also entertains. Join me on this journey as we navigate the ever-evolving landscapes of news and knowledge together.

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