NCC Group First Half 2023 Earnings: Revenues Beat Expectations, EPS Lags

  • In Business
  • 2023-02-04 07:05:00Z
  • By Simply Wall St.

NCC Group (LON:NCC) First Half 2023 Results

Key Financial Results

  • Revenue: UK£176.6m (up 18% from 1H 2022).

  • Net income: UK£7.60m (up 31% from 1H 2022).

  • Profit margin: 4.3% (up from 3.9% in 1H 2022). The increase in margin was driven by higher revenue.

  • EPS: UK£0.025 (up from UK£0.019 in 1H 2022).

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

NCC Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) missed analyst estimates by 1.2%.

Looking ahead, revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 16% growth forecast for the IT industry in the United Kingdom.

Performance of the British IT industry.

The company's shares are down 1.1% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on NCC Group's balance sheet health.

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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.

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