Experian reported FY22/23 results in line with the consensus on profitability. The group recorded positive growth across all geographies despite facing a tough macroeconomic environment. For FY23/24, the management guides for organic growth of 4-6% which is in line with street estimates of 5.8%. No wonder the share price reaction was muted (-0.7% at the time of writing). We do not expect to make major changes to our estimates and retain our positive view on the stock.
17 May 2023
Lackluster close to the year
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Lackluster close to the year
Experian PLC (EXPN:LON) | 3,055 0 0.0% | Mkt Cap: 28,062m
- Published:
17 May 2023 -
Author:
Nupur Gupta -
Pages:
3
Experian reported FY22/23 results in line with the consensus on profitability. The group recorded positive growth across all geographies despite facing a tough macroeconomic environment. For FY23/24, the management guides for organic growth of 4-6% which is in line with street estimates of 5.8%. No wonder the share price reaction was muted (-0.7% at the time of writing). We do not expect to make major changes to our estimates and retain our positive view on the stock.