Innergex Renewable Energy Full Year 2024 Earnings: EPS Beats Expectations

Innergex Renewable Energy (TSE:INE) Full Year 2024 Results

Key Financial Results

• Revenue: CA$1.05b (flat on FY 2023).
• Net income: CA$15.9m (up from CA$104.1m loss in FY 2023).
• Profit margin: 1.5% (up from net loss in FY 2023).
• EPS: CA$0.05 (up from CA$0.51 loss in FY 2023).

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

Innergex Renewable Energy EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Renewable Energy industry in Canada.

Performance of the Canadian Renewable Energy industry.

The company's shares are up 16% from a week ago.

Risk Analysis

We should say that we've discovered 4 warning signs for Innergex Renewable Energy (3 make us uncomfortable!) that you should be aware of before investing here.

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