Revenues Beat Expectations, EPS Lags

Stifel Financial (NYSE:SF) Full Year 2023 Results

Key Financial Results

• Revenue: US$4.32b (flat on FY 2022).

• Net income: US$485.3m (down 22% from FY 2022).

• Profit margin: 11% (down from 14% in FY 2022).

• EPS: US$4.55 (down from US$5.74 in FY 2022).

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

Stifel Financial Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 6.6%.

Looking ahead, revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 6.6% 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

It’s still necessary to consider the ever-present spectre of investment risk. We’ve identified 2 warning signs with Stifel Financial, and understanding these should be part of your investment process.

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