Equinox Gold Full Year 2023 Earnings: EPS Beats Expectations
Equinox Gold (TSE:EQX) Full Year 2023 Results
Key Financial Results
Revenue: US$1.09b (up 14% from FY 2022).
Net income: US$28.9m (up from US$106.0m loss in FY 2022).
Profit margin: 2.7% (up from net loss in FY 2022).
EPS: US$0.092 (up from US$0.35 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Equinox Gold EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 46%.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Metals and Mining industry in Canada.
Performance of the Canadian Metals and Mining industry.
The company's shares are down 10% 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. We've done some analysis and you can see our take on Equinox Gold's balance sheet.
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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.
