Yahoo Finance SPAR Group Full Year 2023 Earnings: EPS Beats Expectations
SPAR Group (NASDAQ:SGRP) Full Year 2023 Results
Key Financial Results
Revenue: US$262.7m (flat on FY 2022).
Net income: US$3.90m (up from US$732.0k loss in FY 2022).
Profit margin: 1.5% (up from net loss in FY 2022).
EPS: US$0.17 (up from US$0.033 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
SPAR Group EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 129%.
The primary driver behind last 12 months revenue was the Americas segment contributing a total revenue of US$203.7m (78% of total revenue). Notably, cost of sales worth US$207.3m amounted to 79% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$43.7m (85% of total expenses). Explore how SGRP's revenue and expenses shape its earnings.
The company's shares are up 41% from a week ago.
Risk Analysis
Before you take the next step you should know about the 3 warning signs for SPAR Group that we have uncovered.
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