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Sandfire Resources Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Sandfire Resources (ASX:SFR) Full Year 2024 Results

Key Financial Results

  • Revenue: US$941.6m (up 16% from FY 2023).

  • Net loss: US$17.3m (loss narrowed by 66% from FY 2023).

  • US$0.038 loss per share (improved from US$0.12 loss in FY 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sandfire Resources EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) exceeded analyst estimates by 24%.

Looking ahead, revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Metals and Mining industry in Australia.

Performance of the Australian Metals and Mining industry.

The company's shares are down 3.8% 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. We have a graphic representation of Sandfire Resources' balance sheet and an in-depth analysis of the company's financial position.

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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.