Positive revenue and profit forecasts for fiscal 2023

  • Compass Group expected to report revenue increase to £31.2 billion
  • Pretax profit forecasted to increase to £1.84 billion
  • Adjusted EBIT forecasted to improve to 6.8%
  • Compass on track for 13% EPS growth in fiscal 2024
  • Margin improvement supported by moderating inflation and new business wins
  • Long-term targets include mid-to-high single-digit organic revenue growth

Compass Group is expected to report a revenue increase to £31.2 billion in fiscal 2023, along with a pretax profit increase to £1.84 billion. The company’s adjusted EBIT is forecasted to improve to 6.8%, supported by moderating inflation and new business wins. Looking ahead, Compass is on track for 13% EPS growth in fiscal 2024, with margin improvement expected to continue. The company’s long-term targets include mid-to-high single-digit organic revenue growth.

Factuality Level: 8
Factuality Justification: The article provides specific revenue, profit, and margin forecasts for Compass Group for fiscal 2023, citing company-provided consensus estimates and analyst estimates from FactSet. It also includes information on the 2024 outlook and long-term guidance from Stifel analysts. The information provided is based on forecasts and estimates, which may not be completely accurate, but it is sourced from reputable sources.
Noise Level: 7
Noise Justification: The article provides relevant information about Compass Group’s upcoming fiscal 2023 results, including revenue and profit forecasts. It also includes insights on the company’s 2024 outlook, margin improvement, and long-term guidance. However, the article lacks in-depth analysis, evidence, and actionable insights.
Financial Relevance: Yes
Financial Markets Impacted: Compass Group
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article provides financial information about Compass Group’s upcoming fiscal 2023 results, including revenue forecast, pretax profit forecast, and adjusted EBIT forecast. There is no mention of any extreme events or their impact.
Public Companies: Compass Group (N/A)
Key People:

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