EGGFWS (EG Acquisition) Retained Earnings: $-17.44 Mil (As of Sep. 2023)

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What is EG Acquisition Retained Earnings?

EG Acquisition EGGFWS 22 Retained Earnings is $-17.44 Mil as of Sep. 2023. GuruFocus rates EGGFWS with a GF Score™ of 22/100. The stock has 1 warning sign investors should review.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. EG Acquisition's retained earnings for the quarter that ended in Sep. 2023 was $-17.44 Mil.

EG Acquisition's quarterly retained earnings declined from Mar. 2023 ($-13.61 Mil) to Jun. 2023 ($-18.03 Mil) but then increased from Jun. 2023 ($-18.03 Mil) to Sep. 2023 ($-17.44 Mil).

EG Acquisition's annual retained earnings increased from . 20 ($0.00 Mil) to Dec. 2021 ($-14.65 Mil) and increased from Dec. 2021 ($-14.65 Mil) to Dec. 2022 ($-13.23 Mil).

EG Acquisition  (NYSE:EGGFWS) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

EG Acquisition Retained Earnings Historical Data

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The historical data trend for EG Acquisition's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

EG Acquisition Retained Earnings Chart

EG Acquisition Annual Data
Trend Dec21 Dec22
Retained Earnings
-14.65 -13.23

EG Acquisition Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -10.52 -13.23 -13.61 -18.03 -17.44

EG Acquisition Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of $-17.44 Mil mean?
EG Acquisition (EGGFWS) has a Retained Earnings of $-17.44 Mil as of Sep. 2023. Retained earnings is the amount of net income not issued to shareholders. View historical data on EG Acquisition and its competitors.
Is EG Acquisition's Retained Earnings too high?
EG Acquisition's current Retained Earnings is $-17.44 Mil. Overall, EG Acquisition has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does EG Acquisition's Retained Earnings compare to PORT and DPCS?
EG Acquisition's Retained Earnings of $-17.44 Mil can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Diversified Financial Services company?
A good Retained Earnings depends on the Diversified Financial Services industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on EG Acquisition and its competitors. EG Acquisition's current Retained Earnings is $-17.44 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EG Acquisition stock overvalued right now?
EG Acquisition (EGGFWS) has a current Retained Earnings of $-17.44 Mil. The current Retained Earnings is $-17.44 Mil. EG Acquisition's overall GF Score™ is 22/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For EG Acquisition (EGGFWS), the current Retained Earnings is $-17.44 Mil as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

EG Acquisition Business Description

Address 375 Park Avenue, 24th Floor, New York, NY, USA, 10152
EG Acquisition Corp is a newly organized blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.