KGHM Polska Miedz Third Quarter 2023 Earnings: EPS Beats Expectations, Revenues Lag

KGHM Polska Miedz (WSE:KGH) Third Quarter 2023 Results

Key Financial Results

• Revenue: zł7.89b (up 1.6% from 3Q 2022).
• Net income: zł434.0m (down 60% from 3Q 2022).
• Profit margin: 5.5% (down from 14% in 3Q 2022).
• EPS: zł2.17 (down from zł5.43 in 3Q 2022).

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

KGHM Polska Miedz EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) exceeded analyst estimates by 24%.

Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Metals and Mining industry in Poland.

Performance of the Polish Metals and Mining industry.

The company's shares are up 4.6% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for KGHM Polska Miedz that you need to be mindful of.

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