Ero Copper Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag
Ero Copper (TSE:ERO) Full Year 2023 Results
Key Financial Results
Revenue: US$427.5m (flat on FY 2022).
Net income: US$92.8m (down 8.9% from FY 2022).
Profit margin: 22% (down from 24% in FY 2022).
EPS: US$0.99 (down from US$1.12 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ero Copper EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 18%.
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in Canada.
Performance of the Canadian Metals and Mining industry.
The company's shares are down 7.2% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Ero Copper has 2 warning signs (and 1 which is significant) we think you should know about.
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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.
