Sherritt International Third Quarter 2024 Earnings: EPS: CA$0.005 (vs CA$0.062 loss in 3Q 2023)

Sherritt International (TSE:S) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$32.9m (down 9.6% from 3Q 2023).
• Net income: CA$1.80m (up from CA$24.8m loss in 3Q 2023).
• Profit margin: 5.5% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses.
• EPS: CA$0.005 (up from CA$0.062 loss in 3Q 2023).

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

Sherritt International Earnings Insights

Looking ahead, revenue is forecast to grow 5.7% 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 2.6% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Sherritt International that you should be aware of.

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