Yahoo Finance Suncorp Group First Half 2023 Earnings: EPS: AU$0.44 (vs AU$0.30 in 1H 2022)
Suncorp Group (ASX:SUN) First Half 2023 Results
Key Financial Results
Revenue: AU$8.26b (up 17% from 1H 2022).
Net income: AU$560.0m (up 44% from 1H 2022).
Profit margin: 6.8% (up from 5.5% in 1H 2022). The increase in margin was driven by higher revenue.
EPS: AU$0.44 (up from AU$0.30 in 1H 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Suncorp Group Earnings Insights
Looking ahead, revenue is expected to decline by 3.3% p.a. on average during the next 3 years, while revenues in the Insurance industry in Australia are expected to grow by 2.7%.
Performance of the Australian Insurance industry.
The company's shares are up 3.5% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Suncorp Group (at least 2 which are concerning), and understanding them should be part of your investment process.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here
