Franco-Nevada Third Quarter 2024 Earnings: Beats Expectations

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

Key Financial Results

• Revenue: US$275.7m (down 11% from 3Q 2023).
• Net income: US$152.7m (down 13% from 3Q 2023).
• Profit margin: 55% (down from 57% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: US$0.79 (down from US$0.91 in 3Q 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 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 1.3%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Metals and Mining industry in Canada.

Performance of the Canadian Metals and Mining industry.

The company's shares are down 4.7% 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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