By Najat Kantouar
London Stock Exchange is scheduled to report results for 2023 on Thursday. Here is what you need to know.
— TOTAL INCOME (excluding recoveries): The group’s total income excluding recoveries for the year is expected at 7.99 billion pounds ($10.14 billion) compared with GBP7.43 billion in 2022, according to a company-compiled consensus based on 13 analyst estimates.
— ADJUSTED EBITDA: LSEG’s adjusted earnings before interest, taxes, depreciation and amortization should come in around GBP3.78 billion, compared with GBP3.55 billion.
— ADJUSTED PRETAX PROFIT: The company’s adjusted pretax profit is expected at GBP2.73 billion, compared with GBP2.57 billion.
Shares are trading around 8,952.0 pence and are up 19% over the past 12 months.
WHAT TO WATCH:
–Investors should consider the company’s valuation and rating as it continues to demonstrate attractive revenue growth, Barclays said. The bank expects another year of high-single digit revenue growth in 2023, alongside mid-to-high single-digit revenue growth for 2024 which should continue to reinforce shareholder transactions and stock valuation.
–LSEG’s adjusted Ebitda margin is expected at 47.3% for 2023, compared with 47.8% a year prior, based on the company-compiled consensus. However, Barclays anticipates a margin of 46.9%.
Write to Najat Kantouar at [email protected]
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