Gold Road Resources First Half 2023 Earnings: EPS Misses Expectations

Tue Aug 29 2023

Key Financial Results

Revenue: AU$229.0m (up 17% from 1H 2022).
Net income: AU$55.7m (up 40% from 1H 2022).
Profit margin: 24% (up from 20% in 1H 2022). The increase in margin was driven by higher revenue.
EPS: AU$0.052 (up from AU$0.045 in 1H 2022).

earnings-and-revenue-growth

Gold Road Resources EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.2%. Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Metals and Mining industry in Australia.

The company's shares are up 10% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet.

Sources: https://simplywall.st/