Deterra Royalties First Half 2024 Earnings: Revenues Disappoint

Deterra Royalties (ASX:DRR) First Half 2024 Results

Key Financial Results

• Revenue: AU$119.0m (up 23% from 1H 2023).
• Net income: AU$78.7m (up 24% from 1H 2023).
• Profit margin: 66% (in line with 1H 2023).
• EPS: AU$0.15 (up from AU$0.12 in 1H 2023).

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

Deterra Royalties Revenues Disappoint

Revenue missed analyst estimates by 6.0%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to decline by 6.2% 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 share price is broadly unchanged from a week ago.

Valuation

Deterra Royalties' financial results now indicate the company's shares could be facing some headwinds based on 6 important indicators. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.

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