Emerald Resources Full Year 2023 Earnings: EPS Beats Expectations
Emerald Resources (ASX:EMR) Full Year 2023 Results
Key Financial Results
Revenue: AU$299.5m (up 45% from FY 2022).
Net income: AU$71.9m (up 58% from FY 2022).
Profit margin: 24% (up from 22% in FY 2022). The increase in margin was driven by higher revenue.
EPS: AU$0.12 (up from AU$0.084 in FY 2022).
EMR Production and Reserves
Gold
Production: 109.3 troy koz (94.791 troy koz in FY 2022)
Proved and probable reserves (ore): 11.95 Mt (13.48 Mt in FY 2022)
Number of mines: 1 (1 in FY 2022)
All figures shown in the chart above are for the trailing 12 month (TTM) period
Emerald Resources EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%.
Looking ahead, revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Metals and Mining industry in Australia.
Performance of the Australian Metals and Mining industry.
The company's shares are up 7.9% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Emerald Resources' balance sheet health.
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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.
