Brookfield Renewable Second Quarter 2024 Earnings: Misses Expectations

Brookfield Renewable (TSE:BEPC) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$1.03b (up 9.8% from 2Q 2023).
• Net loss: US$342.0m (down by 217% from US$291.0m profit in 2Q 2023).
• US$0.91 loss per share (down from US$0.79 profit in 2Q 2023).

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

Brookfield Renewable Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 34%. Earnings per share (EPS) also missed analyst estimates by 134%.

Looking ahead, revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Renewable Energy industry in Canada.

Performance of the Canadian Renewable Energy industry.

The company's shares are down 1.9% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 4 warning signs for Brookfield Renewable (of which 2 shouldn't be ignored!) you should know about.

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