Yahoo Finance Harte Hanks Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Harte Hanks (NASDAQ:HHS) Full Year 2023 Results
Key Financial Results
Revenue: US$191.5m (down 7.2% from FY 2022).
Net loss: US$1.57m (down by 104% from US$35.4m profit in FY 2022).
US$0.21 loss per share (down from US$4.99 profit in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Harte Hanks Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates.
The primary driver behind last 12 months revenue was the Fulfillment and Logistics Services segment contributing a total revenue of US$85.0m (44% of total revenue). Notably, cost of sales worth US$160.9m amounted to 84% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$20.7m (64% of total expenses). Explore how HHS's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 1.7% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Media industry in the US.
Performance of the American Media industry.
The company's shares are down 6.4% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Harte Hanks has 1 warning sign we think you should be aware of.
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