Burford Capital FY 2023 GAAP EPS $2.74 Beats $2.17 Estimate, Sales $1.087B Beat $772.600M Estimate
Portfolio Pulse from Benzinga Newsdesk
Burford Capital (NYSE:BUR) reported FY 2023 GAAP EPS of $2.74, surpassing the $2.17 estimate, with sales reaching $1.087B, exceeding the $772.600M forecast. This represents a 240.51% increase in sales compared to the same period last year.
March 14, 2024 | 11:02 am
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POSITIVE IMPACT
Burford Capital reported a significant beat on both earnings per share and sales for FY 2023, with a 240.51% increase in sales year-over-year.
The substantial beat on both earnings per share and sales forecasts, coupled with a significant year-over-year sales increase, is likely to positively impact investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100