Stanmore Resources First Half 2024 Earnings: EPS: US$0.15 (vs US$0.38 in 1H 2023)

Stanmore Resources (ASX:SMR) First Half 2024 Results

Key Financial Results

• Revenue: US$1.23b (down 18% from 1H 2023).
• Net income: US$136.3m (down 60% from 1H 2023).
• Profit margin: 11% (down from 23% in 1H 2023). The decrease in margin was driven by lower revenue.
• EPS: US$0.15 (down from US$0.38 in 1H 2023).

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

Stanmore Resources Earnings Insights

Looking ahead, revenue is expected to decline by 7.1% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to grow by 1.7%.

Performance of the Australian Metals and Mining industry.

The company's shares are down 8.0% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Stanmore Resources has 3 warning signs (and 1 which is concerning) we think you should know about.

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