Tenaga Nasional Berhad First Quarter 2024 Earnings: Misses Expectations

Simply Wall St

June 04, 2024

Tenaga Nasional Berhad (KLSE:TENAGA) First Quarter 2024 Results

Key Financial Results

Revenue: RM16.0b (down 1.6% from 1Q 2023).
Net income: RM715.7m (down 29% from 1Q 2023).
Profit margin: 4.5% (down from 6.2% in 1Q 2023).
EPS: RM0.12 (down from RM0.17 in 1Q 2023).

earnings-and-revenue-growth — KLSE:TENAGA Earnings and Revenue Growth June 4th 2024

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

Tenaga Nasional Berhad Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 42%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 4.8% growth forecast for the Electric Utilities industry in Asia.

Performance of the market in Malaysia.

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

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Tenaga Nasional Berhad (1 is significant!) that you should be aware of.

Valuation is complex, but we're here to simplify it.

Discover if Tenaga Nasional Berhad 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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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.