Stock Analysis

TransAlta Third Quarter 2022 Earnings: Beats Expectations

  •  Updated
TSX:TA
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TransAlta (TSE:TA) Third Quarter 2022 Results

Key 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).
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TSX:TA Earnings and Revenue Growth November 10th 2022

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%.

Performance of the Canadian Renewable Energy industry.

The company's shares are up 8.1% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for TransAlta you should know about.

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