KGHM Polska Miedz Second Quarter 2024 Earnings: EPS Misses Expectations

KGHM Polska Miedz (WSE:KGH) Second Quarter 2024 Results

Key Financial Results

• Revenue: zł9.17b (up 12% from 2Q 2023).
• Net income: zł649.0m (up 181% from 2Q 2023).
• Profit margin: 7.1% (up from 2.8% in 2Q 2023).
• EPS: zł3.25 (up from zł1.16 in 2Q 2023).

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

KGHM Polska Miedz EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 31%.

Looking ahead, revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Metals and Mining industry in Poland.

Performance of the Polish Metals and Mining industry.

The company's share price is broadly unchanged 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've done some analysis and you can see our take on KGHM Polska Miedz's balance sheet.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.