Enlight Renewable Energy Third Quarter 2024 Earnings: EPS: US$0.33 (vs US$0.19 in 3Q 2023)

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

Key Financial Results

• Revenue: US$284.6m (up 388% from 3Q 2023).
• Net income: US$39.1m (up 72% from 3Q 2023).
• Profit margin: 14% (down from 39% in 3Q 2023).
• EPS: US$0.33 (up from US$0.19 in 3Q 2023).

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 25% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Renewable Energy industry in Asia.

Performance of the market in Israel.

The company's shares are up 7.5% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Enlight Renewable Energy (1 is concerning!) that we have uncovered.

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