Gold Road Resources First Half 2024 Earnings: EPS Beats Expectations

Gold Road Resources (ASX:GOR) First Half 2024 Results

Key Financial Results

• Revenue: AU$211.7m (down 7.6% from 1H 2023).
• Net income: AU$43.1m (down 23% from 1H 2023).
• Profit margin: 20% (down from 24% in 1H 2023). The decrease in margin was driven by lower revenue.
• EPS: AU$0.04 (down from AU$0.052 in 1H 2023).

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

Gold Road Resources EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.8%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Metals and Mining industry in Australia.

Performance of the Australian Metals and Mining industry.

The company's shares are down 11% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Gold Road Resources' balance sheet.

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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.