BROOKFIELD CORP Reports Second Quarter Earnings for FY2023
August 25, 2023
🌥️Earnings Overview
BROOKFIELD CORP ($NYSE:BN) announced their financial results for the quarter ending June 30 2023, with total revenue reaching USD 23668.0 million, representing a 1.8% rise from the corresponding period of FY2022. Net income, however, declined 86.3% to USD 81.0 million compared to the prior year.
Stock Price
BROOKFIELD CORP reported second quarter earnings for FY2023 on Thursday. The company’s stock opened at $33.2 and closed at $34.6, representing a 5.0% increase from the previous day’s closing price of 32.9. The dramatic increase in stock price indicates that investors are optimistic about the company’s future growth prospects. The company has secured multiple deals and new investments over the past few months, which may have led to the improved outlook. BROOKFIELD CORP has also announced plans to expand its operations into new markets, which could further increase its profitability.
Analysts believe that BROOKFIELD CORP is in a strong financial position and that its investments and expansion plans will bring positive returns in the long term. They are also optimistic that the company will be able to sustain its current rate of growth in the coming months. Investors should keep an eye on the company’s performance as it continues to expand to new markets and make strategic investments. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Brookfield Corp. More…
| Total Revenues | Net Income | Net Margin |
| 94.6k | 158 | 1.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Brookfield Corp. More…
| Operations | Investing | Financing |
| 9.4k | -39.65k | 32.46k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Brookfield Corp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 463.13k | 307.55k | 28.46 |
Key Ratios Snapshot
Some of the financial key ratios for Brookfield Corp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.3% | 15.1% | 18.5% |
| FCF Margin | ROE | ROA |
| 2.3% | 24.7% | 2.4% |
Analysis
GoodWhale has conducted an analysis of BROOKFIELD CORP‘s fundamentals and, based on our Star Chart, classified the company as a ‘rhino’. This type of company has achieved moderate revenue or earnings growth. Given this moderate growth, investors who are looking for steady returns and are less interested in rapid growth may be particularly interested in BROOKFIELD CORP. The company’s 8/10 cashflows and debt health score indicates that it is sound financially and is capable of paying off debt and funding future operations. BROOKFIELD CORP is strong in the growth category, while its asset, dividend, and profitability scores are medium. More…
Summary
Analysts are mixed on the news from BROOKFIELD CORP‘s second quarter earnings report. While total revenue increased 1.8% compared to the same period last year, net income decreased 86.3%. Despite the weak earnings report, BROOKFIELD CORP’s stock price moved up the same day. Investors should carefully weigh the risks and potential rewards of investing in BROOKFIELD CORP at current levels.
While the potential for growth is attractive, the present financial state of the company could be a cause for concern. It will be important to monitor the company’s performance over the coming quarters to determine if further investment is warranted.
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