Stock Analysis
- New Zealand
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- Electric Utilities
- /
- NZSE:CEN
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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About NZSE:CEN
Contact Energy
Generates and sells electricity and natural gas in New Zealand.