Stock Analysis

AGL Energy Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

ASX:AGL
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AGL Energy (ASX:AGL) Full Year 2024 Results

Key Financial Results

  • Revenue: AU$13.6b (down 3.7% from FY 2023).
  • Net income: AU$711.0m (up from AU$1.26b loss in FY 2023).
  • Profit margin: 5.2% (up from net loss in FY 2023). The move to profitability was driven by lower expenses.
  • EPS: AU$1.06 (up from AU$1.88 loss in FY 2023).
earnings-and-revenue-growth
ASX:AGL Earnings and Revenue Growth August 14th 2024

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

AGL Energy Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 27%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 4.5% growth forecast for the Global Integrated Utilities industry.

Performance of the market in Australia.

The company's shares are up 3.8% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for AGL Energy (1 can't be ignored!) that you should be aware of.

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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.