Yahoo Finance Lundin Mining First Quarter 2023 Earnings: EPS Beats Expectations, Revenues Lag
Lundin Mining (TSE:LUN) First Quarter 2023 Results
Key Financial Results
Revenue: US$751.3m (down 24% from 1Q 2022).
Net income: US$146.6m (down 57% from 1Q 2022).
Profit margin: 20% (down from 35% in 1Q 2022). The decrease in margin was driven by lower revenue.
EPS: US$0.19 (down from US$0.47 in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Lundin Mining EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) exceeded analyst estimates by 11%.
Looking ahead, revenue is forecast to grow 2.8% 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 up 3.5% from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for Lundin Mining that you should be aware of before investing here.
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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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