Forecasts reduced 2 months after 'ahead' outlook10 Aug 2023 06:16
6th June 2023
Adjusted* Basic Earnings per Share 2.64p
Considering the current order book, the expected rise in the cost base and with supply chain challenges diminished, the Board believes that Oxford Metrics is well placed to deliver full year results ahead of current market expectations.
3rd August - forecast FY23 eps 3.523p FY24 4.163p
10th August - forecast FY23 eps 3.235p FY24 3.895p
i.e. reduction in forecast of 8.2% for FY23 and 6.5% for FY24
what is going on here? Slipping out a profit warning reduction through the brokers while claiming they will be ahead of forecasts