- Canada
- /
- Renewable Energy
- /
- TSX:BLX
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.
Valuation is complex, but we're here to simplify it.
Discover if Boralex might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
About TSX:BLX
Boralex
Engages in the development, construction, and operation of renewable energy power facilities in Canada, France, the United States, and the United Kingdom.
Solid track record established dividend payer.