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Centamin Full Year 2022 Earnings: EPS Misses Expectations

Centamin (LON:CEY) Full Year 2022 Results

Key Financial Results

  • Revenue: US$788.4m (up 7.5% from FY 2021).

  • Net income: US$72.5m (down 29% from FY 2021).

  • Profit margin: 9.2% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses.

  • EPS: US$0.063 (down from US$0.088 in FY 2021).

CEY Production and Reserves

Gold

  • Production: 440.97 troy koz (415.37 troy koz in FY 2021)

  • Number of mines: 1 (1 in FY 2021)

earnings-and-revenue-growth
earnings-and-revenue-growth

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

Centamin EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 53%.

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Looking ahead, revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 1.1% decline forecast for the Metals and Mining industry in the United Kingdom.

Performance of the British Metals and Mining industry.

The company's shares are up 2.8% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Centamin that you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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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