Centrica Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Centrica (LON:CNA) Full Year 2024 Results

Key Financial Results

• Revenue: UK£19.9b (down 25% from FY 2023).
• Net income: UK£1.33b (down 66% from FY 2023).
• Profit margin: 6.7% (down from 15% in FY 2023).
• EPS: UK£0.26 (down from UK£0.71 in FY 2023).

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

Centrica EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 31%.

The primary driver behind last 12 months revenue was the British Gas Energy segment contributing a total revenue of UK£12.1b (61% of total revenue). Notably, cost of sales worth UK£11.8b amounted to 59% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling UK£4.31b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how CNA's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Integrated Utilities industry in Europe.

Performance of the market in the United Kingdom.

The company's shares are up 6.6% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 4 warning signs for Centrica (2 are potentially serious!) that you should be aware of.

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