Stock Analysis

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

TASE:ENLT
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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).
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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 here to simplify it.

Discover if Enlight Renewable Energy might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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