Yahoo Finance Alphamin Resources Third Quarter 2022 Earnings: Misses Expectations
Alphamin Resources (CVE:AFM) Third Quarter 2022 Results
Key Financial Results
Revenue: US$67.8m (down 26% from 3Q 2021).
Net income: US$20.4m (down 2.2% from 3Q 2021).
Profit margin: 30% (up from 23% in 3Q 2021). The increase in margin was driven by lower expenses.
EPS: US$0.016 (down from US$0.018 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Alphamin Resources Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 46%. Earnings per share (EPS) also missed analyst estimates by 44%.
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 2 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 up 6.5% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Alphamin Resources that you should be aware 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.
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