Bullboard - Stock Discussion Forum Karora Resources Inc T.KRR

Alternate Symbol(s): KRRGF

Metals & Mining Gold

Karora Resources Inc. is a Canada-based multi-asset mineral resource company. The Company’s portfolio includes the Beta Hunt Underground Mine, Higginsville Gold Operations and Lakewood Mill. It owns 100% of Beta Hunt, a gold-producing mine located approximately 600 kilometers from Perth in Kambalda, Western Australia. It owns and operates HGO, which is located approximately 75 kilometers south... see more

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TSX:KRR - Post Discussion

Karora Resources Inc > Simply Wall St. - EPS misses analyst expectations

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Post by daw2 on Aug 15, 2023 4:35am

Simply Wall St. - EPS misses analyst expectations

Second quarter 2023 earnings: EPS misses analyst expectations

Second quarter 2023 results:

EPS: CA$0.038 (up from CA$0.002 loss in 2Q 2022).
Revenue: CA$110.6m (up 50% from 2Q 2022).
Net income: CA$6.64m (up CA$6.97m from 2Q 2022).
Profit margin: 6.0% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue.

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 67%.

Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Metals and Mining industry in Canada.

Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.

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