- Metals and Mining
EQ Resources First Half 2023 Earnings: AU$0.003 loss per share (vs AU$0.002 loss in 1H 2022)
EQ Resources (ASX:EQR) First Half 2023 Results
Key Financial Results
- Revenue: AU$4.92m (up 120% from 1H 2022).
- Net loss: AU$3.62m (loss widened by 57% from 1H 2022).
- AU$0.003 loss per share (further deteriorated from AU$0.002 loss in 1H 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
EQ Resources Earnings Insights
Looking ahead, revenue is forecast to grow 38% 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 3.2% from a week ago.
Before you take the next step you should know about the 5 warning signs for EQ Resources (2 shouldn't be ignored!) that we have uncovered.
Valuation is complex, but we're helping make it simple.
Find out whether EQ Resources is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.View the Free Analysis
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
EQ Resources Limited explores for and produces tungsten, gold, and other mineral resources in Australia.
Good value with limited growth.