Franco-Nevada First Quarter 2024 Earnings: Beats Expectations

Franco-Nevada (TSE:FNV) First Quarter 2024 Results

Key Financial Results

• Revenue: US$256.8m (down 6.9% from 1Q 2023).
• Net income: US$144.5m (down 7.7% from 1Q 2023).
• Profit margin: 56% (in line with 1Q 2023).
• EPS: US$0.75 (down from US$0.82 in 1Q 2023).

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

Franco-Nevada Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 10%.

Looking ahead, revenue is forecast to grow 4.7% 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 share price is broadly unchanged from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Franco-Nevada's balance sheet.

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