UBS Group Full Year 2023 Earnings: EPS Misses Expectations

UBS Group (VTX:UBSG) Full Year 2023 Results

Key Financial Results

• Revenue: US$39.6b (up 16% from FY 2022).
• Net income: US$27.8b (up 265% from FY 2022).
• Profit margin: 70% (up from 22% in FY 2022).
• EPS: US$8.83 (up from US$2.34 in FY 2022).

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

UBS Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.7%.

The primary driver behind last 12 months revenue was the UBS Business Divisions and Group Functions - Global Wealth Management segment contributing a total revenue of US$21.0b (53% of total revenue). The largest operating expense was General & Administrative costs, amounting to US$33.3b (283% of total expenses). Explore how UBSG's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Capital Markets industry in Switzerland.

Performance of the Swiss Capital Markets industry.

The company's shares are down 1.8% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 4 warning signs for UBS Group (1 can't be ignored!) that you need to be mindful of.

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