Stock Analysis

Kingsgate Consolidated Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St

Published September 23, 2024

Kingsgate Consolidated (ASX:KCN) Full Year 2024 Results

Key Financial Results

Revenue: AU$133.1m (up 387% from FY 2023).
Net income: AU$199.8m (up by AU$195.0m from FY 2023).
EPS: AU$0.78 (up from AU$0.021 in FY 2023).

KCN Production and Reserves

Gold

Production: 37.015 troy koz (9.705 troy koz in FY 2023)
Number of mines: 1 (1 in FY 2023)

Silver

Production: 460.36 troy koz (112.1 troy koz in FY 2023)
Number of mines: 1 (1 in FY 2023)

ASX:KCN Earnings and Revenue Growth September 23rd 2024

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

Kingsgate Consolidated EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 29% 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 share price is broadly unchanged from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Kingsgate Consolidated, and understanding these should be part of your investment process.

Valuation is complex, but we're here to simplify it.

Discover if Kingsgate Consolidated might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

Access 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.