Lloyds Banking Group (LON:LLOY) Full Year 2023 Results
Key Financial Results
- Revenue: UK£18.3b (up 6.6% from FY 2022).
- Net income: UK£4.93b (down 1.8% from FY 2022).
- Profit margin: 27% (down from 29% in FY 2022). The decrease in margin was driven by higher expenses.
- EPS: UK£0.076.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Lloyds Banking Group EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.7%.
Looking ahead, revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Banks industry in the United Kingdom.
Performance of the British Banks industry.
The company’s shares are up 5.3% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we’ve spotted 2 warning signs for Lloyds Banking Group you should be aware of, and 1 of them is potentially serious.
Valuation is complex, but we’re helping make it simple.
Find out whether Lloyds Banking Group is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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