- Renewable Energy
Enlight Renewable Energy Full Year 2022 Earnings: EPS Misses Expectations
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).
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.
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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Enlight Renewable Energy
Enlight Renewable Energy Ltd engages in the renewable energy business in Israel, Central-Eastern Europe, and Western Europe.
High growth potential with proven track record.