Brookfield (TSE:BN) Second Quarter 2023 Results
Key Financial Results
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Revenue: US$24.1b (up 1.0% from 2Q 2022).
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Net income: US$40.0m (down 93% from 2Q 2022).
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Profit margin: 0.2% (down from 2.3% in 2Q 2022).
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EPS: US$0.026 (down from US$0.35 in 2Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Brookfield Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates by 95%.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 1.0% growth forecast for the Capital Markets industry in Canada.
Performance of the Canadian Capital Markets industry.
The company's shares are up 4.5% from a week ago.
Risk Analysis
It is worth noting though that we have found 4 warning signs for Brookfield (2 are significant!) that you need to take into consideration.
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