Stock Analysis

Gem Diamonds Full Year 2022 Earnings: EPS Beats Expectations

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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).
LSE:GEMD Earnings and Revenue History March 18th 2023

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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