KGHM Polska Miedz Third Quarter 2024 Earnings: EPS Misses Expectations

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

Key Financial Results

• Revenue: zł8.66b (up 9.7% from 3Q 2023).
• Net income: zł240.0m (down 45% from 3Q 2023).
• Profit margin: 2.8% (down from 5.5% in 3Q 2023).
• EPS: zł1.20 (down from zł2.17 in 3Q 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 70%.

Looking ahead, revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Metals and Mining industry in Poland.

Performance of the Polish Metals and Mining industry.

The company's shares are down 14% 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.

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