Overview
US legal finance firm's Q1 revenue and net income both negative due to YPF case charge
Company highlighted more than $700 mln cash on hand and ongoing portfolio cash receipts
YPF case loss resulted in large non-cash charge but no immediate cash impact
Outlook
Burford Capital did not provide specific financial guidance for the current quarter or full year
Result Drivers
YPF CASE LOSS - Large non-cash charge from YPF case loss drove negative Q1 results; no immediate cash impact, per CEO Christopher Bogart
Company press release: ID:nPn6xRnZTa
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
-$1.72 bln
Q1 Net Income
-$1.63 bln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the investment management & fund operators peer group is "buy"
Wall Street's median 12-month price target for Burford Capital Ltd is GBp461.50, about 18.6% above its May 7 closing price of GBp389.20
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
