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Pilbara Minerals First Half 2023 Earnings: EPS: AU$0.42 (vs AU$0.039 in 1H 2022)

Pilbara Minerals (ASX:PLS) First Half 2023 Results

Key Financial Results

  • Revenue: AU$2.18b (up by AU$1.89b from 1H 2022).

  • Net income: AU$1.24b (up by AU$1.13b from 1H 2022).

  • Profit margin: 57% (up from 39% in 1H 2022). The increase in margin was driven by higher revenue.

  • EPS: AU$0.42 (up from AU$0.039 in 1H 2022).

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

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

Pilbara Minerals Earnings Insights

Looking ahead, revenue is forecast to decline by 16% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to remain flat.

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Performance of the Australian Metals and Mining industry.

The company's shares are up 2.0% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Pilbara Minerals (1 is concerning!) that you should be aware of before investing here.

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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