TransAlta Full Year 2024 Earnings: EPS Misses Expectations

TransAlta (TSE:TA) Full Year 2024 Results

Key Financial Results

• Revenue: CA$2.85b (down 15% from FY 2023).
• Net income: CA$177.0m (down 73% from FY 2023).
• Profit margin: 6.2% (down from 19% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: CA$0.59 (down from CA$2.33 in FY 2023).

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

TransAlta EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 29%.

Looking ahead, revenue is expected to decline by 3.5% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Canada are expected to grow by 4.2%.

Performance of the Canadian Renewable Energy industry.

The company's shares are up 8.2% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for TransAlta (1 is concerning!) that you should be aware of before investing here.

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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.