OceanaGold Full Year 2024 Earnings: EPS Misses Expectations

OceanaGold (TSE:OGC) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.29b (up 26% from FY 2023).
• Net income: US$187.4m (up 125% from FY 2023).
• Profit margin: 14% (up from 8.1% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$0.26 (up from US$0.12 in FY 2023).

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

OceanaGold EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.1%.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 2 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 11% 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 have a graphic representation of OceanaGold's balance sheet and an in-depth analysis of the company's financial position.

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