Yahoo Finance Perenti Full Year 2023 Earnings: EPS Misses Expectations
Perenti (ASX:PRN) Full Year 2023 Results
Key Financial Results
Revenue: AU$2.92b (up 20% from FY 2022).
Net income: AU$95.7m (up 136% from FY 2022).
Profit margin: 3.3% (up from 1.7% in FY 2022). The increase in margin was driven by higher revenue.
EPS: AU$0.14 (up from AU$0.058 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Perenti EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.3%.
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 1.6% growth forecast for the Metals and Mining industry in Australia.
Performance of the Australian Metals and Mining industry.
The company's shares are down 12% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. See our latest analysis on Perenti's balance sheet health.
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