TransAlta (TSE:TA) Third Quarter 2022 ResultsKey Financial Results
- Revenue: CA$929.0m (up 9.3% from 3Q 2021).
- Net income: CA$61.0m (up from CA$456.0m loss in 3Q 2021).
- Profit margin: 6.6% (up from net loss in 3Q 2021). The move to profitability was primarily driven by lower expenses.
- EPS: CA$0.23 (up from CA$1.68 loss in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
TransAlta Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 79%. Earnings per share (EPS) also surpassed analyst estimates by 4.5%.
Looking ahead, revenue is expected to decline by 6.9% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Canada are expected to grow by 2.7%.
The company's shares are up 8.1% from a week ago.
Risk AnalysisWhat about risks? Every company has them, and we've spotted 2 warning signs for TransAlta you should know about.
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