Stock Analysis

Enlight Renewable Energy First Quarter 2024 Earnings: EPS: US$0.14 (vs US$0.22 in 1Q 2023)

TASE:ENLT
Source: Shutterstock

Enlight Renewable Energy (TLV:ENLT) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$90.4m (up 27% from 1Q 2023).
  • Net income: US$16.8m (down 30% from 1Q 2023).
  • Profit margin: 19% (down from 34% in 1Q 2023).
  • EPS: US$0.14 (down from US$0.22 in 1Q 2023).
earnings-and-revenue-growth
TASE:ENLT Earnings and Revenue Growth May 9th 2024

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

Enlight Renewable Energy Earnings Insights

Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Renewable Energy industry in Asia.

Performance of the market in Israel.

The company's shares are up 9.7% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Enlight Renewable Energy that you should be aware of.

Valuation is complex, but we're helping make it simple.

Find out whether Enlight Renewable Energy is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

View the Free Analysis

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.