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  • Gold Road Resources First Half 2023 Earnings: EPS Misses Expectations

    Tue Aug 29 2023

     

    Key Financial Results

    • Revenue: AU$229.0m (up 17% from 1H 2022).
    • Net income: AU$55.7m (up 40% from 1H 2022).
    • Profit margin: 24% (up from 20% in 1H 2022). The increase in margin was driven by higher revenue.
    • EPS: AU$0.052 (up from AU$0.045 in 1H 2022).

     

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    Gold Road Resources EPS Misses Expectations

    Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.2%.  Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Metals and Mining industry in Australia.

    The company's shares are up 10% from a week ago.

    Balance Sheet Analysis

    While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet.

    Sources: https://simplywall.st/

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