Gemfields Group Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Gemfields Group (JSE:GML) Full Year 2023 Results

Key Financial Results

• Revenue: US$262.0m (down 23% from FY 2022).
• Net loss: US$10.1m (down by 118% from US$56.8m profit in FY 2022).
• US$0.008 loss per share (down from US$0.048 profit in FY 2022).

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

Gemfields Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 158%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Metals and Mining industry in South Africa.

Performance of the South African Metals and Mining industry.

The company's shares are down 4.2% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Gemfields Group that you need to take into consideration.

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