Yahoo Finance Champion Iron Third Quarter 2024 Earnings: Beats Expectations
Champion Iron (ASX:CIA) Third Quarter 2024 Results
Key Financial Results
Revenue: CA$506.9m (up 44% from 3Q 2023).
Net income: CA$126.5m (up 146% from 3Q 2023).
Profit margin: 25% (up from 15% in 3Q 2023). The increase in margin was driven by higher revenue.
EPS: CA$0.24 (up from CA$0.099 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Champion Iron Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 11%.
Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Metals and Mining industry in Australia.
Performance of the Australian Metals and Mining industry.
The company's shares are up 3.9% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for Champion Iron you should be aware of.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
