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Berkeley Group (BKGFY)
OTHER OTC:BKGFY
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Earnings Data
Report Date
Jun 18, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 06, 2024
|% Change Since: -8.49%
|Next Earnings Date:Jun 18, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed performance, with Berkeley Group maintaining strong financial metrics and stable sales prices amidst challenging market conditions, including reduced private sales and regulatory hurdles. The extension of profit guidance indicates confidence in future performance, yet regulatory and planning challenges pose significant hurdles.Company Guidance
In the earnings call for the six months ending October 31, 2023, Berkeley Group executives provided detailed guidance and performance metrics. The company reported a pretax profit of GBP 298 million, exceeding previous guidance, with an operating margin of 19.5% and net cash maintained above GBP 400 million. The firm aims to deliver at least GBP 1.5 billion of pretax profit over the three years ending April 30, 2026. Despite a 1% drop in earnings per share to 198.3p, they managed to keep the pretax return on equity at 17.7%. The sales market faced challenges, with private sales down by a third, but sales prices remained stable, and build cost inflation was negligible. Berkeley's forward sales cover the next three years, totaling GBP 2 billion, providing strong visibility on earnings and cash flow. Shareholders' funds increased to GBP 3.4 billion, and the net asset value per share rose by 3.8% to GBP 32.19. The company plans to maintain its robust balance sheet and capital allocation strategy, with ongoing annual shareholder returns of GBP 283 million until September 2025. If new investments are not made by April 2027, Berkeley intends to return 100% of the net profit earned from FY24 to FY27 to shareholders.Profit Before Tax Exceeds Guidance
Berkeley Group reported a profit before tax of GBP 298 million, slightly ahead of guidance, with an operating margin of 19.5%.
Strong Financial Position
Net cash has been maintained above GBP 400 million, with shareholders' funds increasing by GBP 82 million to GBP 3.4 billion.
Stable Sales Prices and Margins
Despite a 1/3 reduction in private sales, sales prices remained stable, and build cost inflation is negligible.
Extended Profit Guidance
The guidance has been extended to deliver at least GBP 1.5 billion of pretax profit over the three years ending April 2026.
Land Holdings and Forward Sales
Berkeley has cash due on forward sales covering the next three years of GBP 2 billion, providing strong visibility on near-term earnings.
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BKGFY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BKGFY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 06, 2024 | $10.84 | $10.57 | -2.49% |
| Dec 08, 2023 | $12.32 | $11.79 | -4.30% |
| Jun 21, 2023 | $9.75 | $9.60 | -1.54% |
| Dec 09, 2022 | $8.94 | $9.02 | +0.89% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Berkeley Group (BKGFY) report earnings?
Berkeley Group (BKGFY) is schdueled to report earning on Jun 18, 2025, TBA Not Confirmed.
What is Berkeley Group (BKGFY) earnings time?
Berkeley Group (BKGFY) earnings time is at Jun 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BKGFY EPS forecast?
Currently, no data Available
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