Yahoo Finance BHP Group First Half 2023 Earnings: Revenues Beat Expectations, EPS Lags
BHP Group (ASX:BHP) First Half 2023 Results
Key Financial Results
Revenue: US$26.0b (down 16% from 1H 2022).
Net income: US$6.46b (down 24% from 1H 2022).
Profit margin: 25% (down from 28% in 1H 2022). The decrease in margin was driven by lower revenue.
EPS: US$1.28 (down from US$1.67 in 1H 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
BHP Group Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates by 8.1%.
Looking ahead, revenue is forecast to decline by 3.7% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to remain flat.
Performance of the Australian Metals and Mining industry.
The company's shares are up 1.2% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for BHP Group (1 can't be ignored!) that we have uncovered.
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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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