BHP Group Ltd (ASX:BHP) Earnings Report on the Horizon: What to Expect

August 22, 2024 05:49 PM AEST | By Team Kalkine Media

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BHP Group Ltd (ASX:BHP) Earnings Report on the Horizon: What to Expect — Image source: Shutterstock

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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.

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