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West African Resources First Half 2024 Earnings: Beats Expectations
West African Resources (ASX:WAF) First Half 2024 Results
Key Financial Results
- Revenue: AU$344.4m (up 11% from 1H 2023).
- Net income: AU$82.2m (up 11% from 1H 2023).
- Profit margin: 24% (in line with 1H 2023).
- EPS: AU$0.08 (up from AU$0.073 in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
West African Resources Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 32%.
Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Metals and Mining industry in Australia.
Performance of the Australian Metals and Mining industry.
The company's shares are down 5.1% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for West African Resources (1 is a bit unpleasant!) that we have uncovered.
Valuation is complex, but we're here to simplify it.
Discover if West African Resources might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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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.
About ASX:WAF
West African Resources
Engages in the mining, mineral processing, acquisition, exploration, and project development of gold projects in West Africa.
Flawless balance sheet and undervalued.