Exxaro Resources Full Year 2022 Earnings: Misses Expectations

Exxaro Resources (JSE:EXX) Full Year 2022 Results

Key Financial Results

• Revenue: R46.4b (up 42% from FY 2021).
• Net income: R13.8b (up 23% from FY 2021).
• Profit margin: 30% (down from 34% in FY 2021). The decrease in margin was driven by higher expenses.
• EPS: R57.13 (up from R45.35 in FY 2021).

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

Exxaro Resources Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 6.6%.

Looking ahead, revenue is expected to fall by 8.3% p.a. on average during the next 3 years compared to a 4.6% decline forecast for the Oil and Gas industry in Africa.

Performance of the market in South Africa.

The company's shares are down 2.4% 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 Exxaro Resources (1 doesn't sit too well with us!) that you need to be mindful of.

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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.