Boralex Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Boralex (TSE:BLX) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$189.0m (down 13% from 2Q 2023).
• Net income: CA$11.0m (down 42% from 2Q 2023).
• Profit margin: 5.8% (down from 8.8% in 2Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CA$0.10 (down from CA$0.18 in 2Q 2023).

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

Boralex EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) exceeded analyst estimates by 39%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 3.5% growth forecast for the Renewable Energy industry in Canada.

Performance of the Canadian Renewable Energy industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Boralex that you should be aware of.

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