Contact Energy Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Contact Energy (NZSE:CEN) Full Year 2024 Results

Key Financial Results

• Revenue: NZ$2.86b (up 35% from FY 2023).
• Net income: NZ$235.0m (up 85% from FY 2023).
• Profit margin: 8.2% (up from 6.0% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: NZ$0.30 (up from NZ$0.16 in FY 2023).

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

Contact Energy Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 16%.

Looking ahead, revenue is expected to decline by 1.6% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Oceania are expected to grow by 1.2%.

Performance of the market in New Zealand.

The company's shares are up 6.2% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Contact Energy.

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