TransAlta Second Quarter 2024 Earnings: EPS: CA$0.18 (vs CA$0.23 in 2Q 2023)

TransAlta (TSE:TA) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$582.0m (down 6.9% from 2Q 2023).
• Net income: CA$56.0m (down 9.7% from 2Q 2023).
• Profit margin: 9.6% (in line with 2Q 2023).
• EPS: CA$0.18 (down from CA$0.23 in 2Q 2023).

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

TransAlta Earnings Insights

Looking ahead, revenue is expected to decline by 14% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Canada are expected to grow by 4.5%.

Performance of the Canadian Renewable Energy industry.

The company's shares are up 10.0% from a week ago.

Risk Analysis

Before you take the next step you should know about the 4 warning signs for TransAlta that we have uncovered.

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