Eldorado Gold (TSE:ELD) Full Year 2023 Results
Key Financial Results
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Revenue: US$1.01b (up 16% from FY 2022).
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Net income: US$109.0m (up from US$49.2m loss in FY 2022).
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Profit margin: 11% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue.
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EPS: US$561 (up from US$0.27 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Eldorado Gold EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 42%.
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in Canada.
Performance of the Canadian Metals and Mining industry.
The company’s shares are down 3.2% from a week ago.
Risk Analysis
Before we wrap up, we’ve discovered 1 warning sign for Eldorado Gold that you should be aware of.
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