Stock Analysis

Enlight Renewable Energy Full Year 2022 Earnings: EPS Misses Expectations

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Enlight Renewable Energy (TLV:ENLT) Full Year 2022 Results

Key Financial Results

  • Revenue: US$192.2m (up 80% from FY 2021).
  • Net income: US$24.7m (up 112% from FY 2021).
  • Profit margin: 13% (up from 11% in FY 2021). The increase in margin was driven by higher revenue.
  • EPS: US$0.25 (up from US$0.12 in FY 2021).
TASE:ENLT Earnings and Revenue Growth March 19th 2023

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

Enlight Renewable Energy EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 52%.

Looking ahead, revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Renewable Energy industry in Asia.

Performance of the market in Israel.

The company's shares are down 2.1% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Enlight Renewable Energy (including 2 which make us uncomfortable).

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