Glencore Full Year 2024 Earnings: EPS Misses Expectations

Glencore (LON:GLEN) Full Year 2024 Results

Key Financial Results

• Revenue: US$230.9b (up 6.0% from FY 2023).
• Net loss: US$1.63b (down by 138% from US$4.28b profit in FY 2023).
• US$0.13 loss per share (down from US$0.34 profit in FY 2023).

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

Glencore EPS Misses Expectations

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

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 1.7% growth 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 8.3% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Glencore (1 is potentially serious!) that you need to take into consideration.

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