Alkane Resources Full Year 2024 Earnings: EPS Misses Expectations

Alkane Resources (ASX:ALK) Full Year 2024 Results

Key Financial Results

• Revenue: AU$173.0m (down 9.2% from FY 2023).
• Net income: AU$17.7m (down 58% from FY 2023).
• Profit margin: 10% (down from 22% in FY 2023). The decrease in margin was primarily driven by lower revenue.
• EPS: AU$0.029 (down from AU$0.071 in FY 2023).

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

Alkane Resources EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 26%.

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Metals and Mining industry in Australia.

Performance of the Australian Metals and Mining industry.

The company's shares are down 3.5% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Alkane Resources (at least 1 which is significant), and understanding them should be part of your investment process.

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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.