Yahoo Finance Stanmore Resources Full Year 2023 Earnings: Misses Expectations
Stanmore Resources (ASX:SMR) Full Year 2023 Results
Key Financial Results
Revenue: US$2.81b (up 4.0% from FY 2022).
Net income: US$472.0m (down 29% from FY 2022).
Profit margin: 17% (down from 25% in FY 2022). The decrease in margin was driven by higher expenses.
EPS: US$0.52 (down from US$0.84 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Stanmore Resources Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 19%.
Looking ahead, revenue is forecast to decline by 8.6% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to remain flat.
Performance of the Australian Metals and Mining industry.
The company's shares are down 2.0% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Stanmore Resources has 2 warning signs (and 1 which is concerning) we think you should know about.
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