PROG HOLDINGS Reports Fourth Quarter Earnings Results for FY2022 on February 22, 2023
March 26, 2023
Earnings Overview
On February 22 2023, PROG HOLDINGS ($BER:AZD) reported their financial results for the fourth quarter of FY2022, which ended on December 31 2022. The company saw total revenue of USD 36.1 million, a decrease of 4.6% compared to the same period in the previous year. Net income decreased by 5.3%, amounting to USD 612.1 million.
Stock Price
Stock opened at €21.2 and closed at the same price, down by 2.8% from the prior day’s closing price of 21.8. This was a surprise to investors who were expecting the stock to increase based on the company’s prior performance. This decrease was attributed to increased operating costs due to new product launches and higher expenses associated with marketing campaigns. Despite the drop in earnings, PROG HOLDINGS reported a healthy cash flow and sufficient liquidity to fund any future investments or acquisitions.
The company also indicated that their outlook for next year looks positive and they are confident in their ability to generate a higher return on investments. Overall, PROG HOLDINGS reported earnings results that were lower than expected; however, the company’s strong financial position gives investors confidence in its future performance. As the company looks to grow in the upcoming year, investors are eagerly awaiting an update on their outlook and performance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Prog Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 2.6k | 98.71 | 5.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Prog Holdings. More…
| Operations | Investing | Financing |
| 242.48 | -53.53 | -227.22 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Prog Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.49k | 921.45 | 11.88 |
Key Ratios Snapshot
Some of the financial key ratios for Prog Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -13.0% | -14.0% | 7.1% |
| FCF Margin | ROE | ROA |
| 9.0% | 20.4% | 7.8% |
Analysis
At GoodWhale, we have conducted an analysis of PROG HOLDINGS‘s wellbeing and have discovered that it is a medium risk investment in terms of financial and business aspects. Upon further investigation, we have detected 1 risk warning in their balance sheet that could be potentially damaging to their operations if not addressed. We encourage investors to register with us so that they can take a closer look at the warning and make a more informed decision about their investment. With our comprehensive analysis and personalized advice, we can help them weigh the risks and rewards of investing in PROG HOLDINGS. More…
Summary
Investors may be concerned about the recent financial performance of PROG HOLDINGS, as their total revenue for the fourth quarter of FY2022 decreased by 4.6% compared to the same period last year. Net income also fell 5.3% compared to the same period last year. Despite this, analysts suggest there could be value in investing in PROG HOLDINGS as they are expanding their operations overseas and have recently acquired a number of new subsidiaries. As the company continues to invest in research and development and gains access to new markets, investors may see a potential upside in the long-term.
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