Capital Power Third Quarter 2024 Earnings: EPS: CA$1.32 (vs CA$2.27 in 3Q 2023)

Capital Power (TSE:CPX) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$1.01b (down 8.0% from 3Q 2023).
• Net income: CA$172.0m (down 35% from 3Q 2023).
• Profit margin: 17% (down from 24% in 3Q 2023).
• EPS: CA$1.32 (down from CA$2.27 in 3Q 2023).

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

Capital Power Earnings Insights

Looking ahead, revenue is expected to decline by 18% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Canada are expected to grow by 3.0%.

Performance of the Canadian Renewable Energy industry.

The company's shares are up 9.2% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 5 warning signs for Capital Power (of which 2 make us uncomfortable!) you should know about.

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