Calibre Mining Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Calibre Mining (TSE:CXB) Full Year 2023 Results
Key Financial Results
Revenue: US$561.7m (up 39% from FY 2022).
Net income: US$85.0m (up 96% from FY 2022).
Profit margin: 15% (up from 11% in FY 2022). The increase in margin was driven by higher revenue.
EPS: US$0.19 (up from US$0.097 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Calibre Mining Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 12%.
Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Metals and Mining industry in Canada.
Performance of the Canadian Metals and Mining industry.
The company's shares are up 11% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for Calibre Mining that you need to be mindful of.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
