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South32 Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

South32 (ASX:S32) Full Year 2024 Results

Key Financial Results

  • Revenue: US$5.59b (down 26% from FY 2023).

  • Net loss: US$638.0m (loss widened by 269% from FY 2023).

  • US$0.14 loss per share (further deteriorated from US$0.038 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

South32 Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 7.6%. Earnings per share (EPS) missed analyst estimates by 52%.

Looking ahead, revenue is forecast to grow 17% 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 up 2.0% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on South32's balance sheet.

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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.