Antofagasta (LON:ANTO) H1 2024 results
Key financial results
- Revenue: $2.96 billion (up 2.3% from H1 2023).
- Net income: $259.6 million (a decrease of 21% compared to H1 2023).
- Profit margin: 8.8% (compared to 11% in H1 2023). The margin decline is due to higher expenses.
- Earnings per share: $0.26 (compared to $0.34 in H1 2023).
All figures shown in the graph above refer to the last 12 months (TTM)
Antofagasta’s sales and profits fall short of expectations
Sales missed analysts’ estimates by 2.4%. Earnings per share (EPS) also missed analysts’ estimates by 4.5%.
Average sales growth of 8.4% per annum is expected over the next three years. In comparison, the growth forecast for the metals and mining industry in the United Kingdom is 1.3%.
Performance of British metals and mining industry.
The company’s share price remained largely unchanged compared to the previous week.
Risk analysis
Nevertheless, we must consider the ever-present specter of investment risk. We have identified 1 warning signal with Antofagasta, and understanding this should be part of your investment process.
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This Simply Wall St article is of a general nature. We comment solely on the basis of historical data and analyst forecasts, using an unbiased methodology. Our articles do not constitute financial advice. It is not a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. Our goal is to provide you with long-term analysis based on fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative materials. Simply Wall St does not hold any of the stocks mentioned.
