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BHP Group Ltd (ASX:BHP) is set to release its full-year results on Tuesday, August 27, and anticipation is building around the mining giant’s performance. Investors and analysts alike will be closely monitoring the results for insights into the company’s financial health and outlook.
Ahead of the earnings announcement, consensus estimates provide a snapshot of what the market expects from BHP for FY 2024. According to these estimates:
BHP is projected to report total revenue of US$55,807 million for FY 2024. This represents a stable outlook amid fluctuating commodity prices and market conditions.
The consensus estimate for underlying EBITDA is US$28,835 million, up from US$27,956 million in FY 2023. The EBITDA breakdown is as follows:
- Copper: US$8,085 million
- Iron Ore: US$18,842 million
- Coal: US$2,226 million
- Group and Unallocated: -US$638 million
- Underlying EBIT and Net Profit: Underlying EBIT is expected to be US$23,339 million, with a net profit of US$13,523 million for the fiscal year.
In terms of cash flow, BHP is anticipated to generate operating cash flow of US$19,501 million. This strong cash position is expected to support a fully franked dividend of US$1.46 per share, equivalent to AU$2.17 per share in local currency. This dividend translates to a yield of 5.3% based on the current share price.
