Kinross Gold Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Kinross Gold (TSE:K) Full Year 2023 Results
Key Financial Results
Revenue: US$4.24b (up 23% from FY 2022).
Net income: US$416.3m (up by US$385.2m from FY 2022).
Profit margin: 9.8% (up from 0.9% in FY 2022). The increase in margin was driven by higher revenue.
EPS: US$0.34 (up from US$0.024 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Kinross Gold Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 4.2%.
Looking ahead, revenue is expected to decline by 2.8% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 15%.
Performance of the Canadian Metals and Mining industry.
The company's shares are down 3.6% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Kinross Gold (1 is concerning!) that you need to take into consideration.
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