Ricegrowers First Half 2023 Earnings: Revenues Beat Expectations, EPS Lags
Ricegrowers (ASX:SGLLV) First Half 2023 Results
Key Financial Results
Revenue: AU$761.4m (up 35% from 1H 2022).
Net income: AU$17.7m (up 5.0% from 1H 2022).
Profit margin: 2.3% (down from 3.0% in 1H 2022). The decrease in margin was driven by higher expenses.
EPS: AU$0.28 (up from AU$0.28 in 1H 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ricegrowers Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 8.1%. Earnings per share (EPS) missed analyst estimates by 15%.
Looking ahead, revenue is expected to decline by 1.4% p.a. on average during the next 2 years, while revenues in the Food industry in Australia are expected to grow by 5.0%.
Performance of the Australian Food industry.
The company's shares are up 1.7% from a week ago.
Risk Analysis
Be aware that Ricegrowers is showing 4 warning signs in our investment analysis and 3 of those are concerning...
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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.
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