As the London Stock Exchange gears up to report its 2023 results on Thursday, investors are eager to gain insights into the company’s performance.
Key Figures
- Total Income (excluding recoveries): Expected to reach £7.99 billion, up from £7.43 billion in 2022 based on analyst estimates.
- Adjusted EBITDA: Forecasted to be around £3.78 billion compared to £3.55 billion previously.
- Adjusted Pretax Profit: Anticipated to hit £2.73 billion, an increase from £2.57 billion.
Shares of LSEG are currently trading at 8,952.0 pence, showing a 19% surge over the last 12 months.
What to Watch For
Barclays highlights the significance of the company’s valuation and rating amidst its impressive revenue growth trajectory. The bank foresees robust performance with high-single digit revenue growth projected for 2023 and mid-to-high single-digit growth expected in 2024. This momentum is poised to enhance shareholder value and stock valuation.
Analyst Insights
- Adjusted EBITDA Margin: Expected to land at 47.3% for 2023, a slight drop from the previous year’s 47.8%. However, Barclays’ forecast aligns with a margin of 46.9%.
Stay tuned for the London Stock Exchange’s upcoming financial results, as they reveal crucial insights into the company’s financial health and strategic direction.