Stock Analysis

Drax Group First Half 2024 Earnings: EPS: UK£0.88 (vs UK£0.62 in 1H 2023)

LSE:DRX
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Drax Group (LON:DRX) First Half 2024 Results

Key Financial Results

  • Revenue: UK£3.16b (down 19% from 1H 2023).
  • Net income: UK£339.7m (up 37% from 1H 2023).
  • Profit margin: 11% (up from 6.4% in 1H 2023). The increase in margin was driven by lower expenses.
  • EPS: UK£0.88 (up from UK£0.62 in 1H 2023).
earnings-and-revenue-growth
LSE:DRX Earnings and Revenue Growth July 28th 2024

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

Drax Group Earnings Insights

Looking ahead, revenue is expected to decline by 4.0% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Europe are expected to grow by 5.3%.

Performance of the market in the United Kingdom.

The company's shares are up 15% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Drax Group (1 is a bit concerning) you should be aware of.

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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.