BlueScope Steel First Half 2023 Earnings: Beats Expectations

BlueScope Steel (ASX:BSL) First Half 2023 Results

Key Financial Results

• Revenue: AU$9.36b (flat on 1H 2022).

• Net income: AU$596.9m (down 64% from 1H 2022).

• Profit margin: 6.4% (down from 17% in 1H 2022).

• EPS: AU$1.28 (down from AU$3.29 in 1H 2022).

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

BlueScope Steel Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 91%.

Looking ahead, revenue is forecast to decline by 4.0% 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 down 2.7% from a week ago.

Risk Analysis

Be aware that BlueScope Steel is showing 3 warning signs in our investment analysis and 1 of those is a bit concerning...

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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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