Calibre Mining Second Quarter 2024 Earnings: EPS: US$0.027 (vs US$0.073 in 2Q 2023)

Calibre Mining (TSE:CXB) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$137.3m (down 1.4% from 2Q 2023).
• Net income: US$20.8m (down 38% from 2Q 2023).
• Profit margin: 15% (down from 24% in 2Q 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: US$0.027 (down from US$0.073 in 2Q 2023).

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

Calibre Mining Earnings Insights

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Metals and Mining industry in Canada.

Performance of the Canadian Metals and Mining industry.

The company's shares are up 4.0% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Calibre Mining (1 can't be ignored!) that you need to be mindful of.

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.