Grosvenor Capital Management (NASDAQ:GCMG) Full Year 2023 Results

Key Financial Results

• Revenue: US$443.9m (flat on FY 2022).
• Net income: US$12.8m (down 36% from FY 2022).
• Profit margin: 2.9% (down from 4.4% in FY 2022).
• EPS: US$0.30 (down from US$0.45 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Grosvenor Capital Management Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) missed analyst estimates by 91%.

Looking ahead, revenue is forecast to grow 8.5% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 4 warning signs we've spotted with Grosvenor Capital Management (including 2 which shouldn't be ignored).

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