Franco-Nevada Full Year 2023 Earnings: Misses Expectations
Franco-Nevada (TSE:FNV) Full Year 2023 Results
Key Financial Results
Revenue: US$1.22b (down 7.2% from FY 2022).
Net loss: US$466.4m (down by 167% from US$700.6m profit in FY 2022).
US$2.43 loss per share (down from US$3.66 profit in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Franco-Nevada Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to stay flat 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 up 4.2% 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 Franco-Nevada's balance sheet health.
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