Yahoo Finance New Work Full Year 2023 Earnings: EPS Misses Expectations
New Work (ETR:NWO) Full Year 2023 Results
Key Financial Results
Revenue: €329.7m (down 1.3% from FY 2022).
Net income: €36.9m (down 20% from FY 2022).
Profit margin: 11% (down from 14% in FY 2022). The decrease in margin was primarily driven by higher expenses.
EPS: €6.56 (down from €8.20 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
New Work EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.5%.
Looking ahead, revenue is expected to decline by 3.2% p.a. on average during the next 3 years, while revenues in the Interactive Media and Services industry in Europe are expected to grow by 9.9%.
Performance of the market in Germany.
The company's shares are down 4.3% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 3 warning signs for New Work you should be aware of, and 1 of them doesn't sit too well with us.
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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.
