Gem Diamonds Full Year 2022 Earnings: EPS Beats Expectations

Gem Diamonds (LON:GEMD) Full Year 2022 Results

Key Financial Results

• Revenue: US$188.9m (down 6.4% from FY 2021).
• Net income: US$10.2m (down 45% from FY 2021).
• Profit margin: 5.4% (down from 9.2% in FY 2021). The decrease in margin was driven by lower revenue.
• EPS: US$0.073 (down from US$0.13 in FY 2021).

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

Gem Diamonds EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 30%.

Looking ahead, revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Metals and Mining industry in the United Kingdom.

Performance of the British Metals and Mining industry.

The company's shares are down 7.6% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Gem Diamonds, and understanding them should be part of your investment process.

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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.