News
Cornerstone FS Full-Year 2023 Earnings: EPS Beats Expectations
FS Cornerstone (LON:CSFS) Complete results for the year 2023
Main financial results
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Revenue: UK £9.65 million (a 100% increase from FY2022).
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Net profit: £2.13m (up from loss of £5.61m in FY2022).
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Profit margin: 22% (above net loss in fiscal 2022). The shift to profitability was primarily driven by increased revenues.
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EPS: UK£0.038 (up from £0.17 loss in FY2022).
earnings and revenue growth
All numbers shown in the chart above are for the period of the last 12 months (TTM)
Cornerstone FS EPS exceeds expectations
Revenue was in line with analysts’ estimates. Earnings per share (EPS) surpassed analysts’ estimates.
Looking ahead, revenues are forecast to grow by 17% per annum on average over the next 3 years, compared to a 9.8% decline predicted for the diversified financial industry in the UK.
Performance of British diversified financial sector.
The company’s shares fell 6.5% from the previous week.
Risk analysis
You should always think about the risks. Case in point, we saw 3 Warning Signs for Cornerstone FS you must be aware and one of them must not be ignored.
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