Meridian Energy Full Year 2024 Earnings: EPS Beats Expectations

Meridian Energy (NZSE:MEL) Full Year 2024 Results

Key Financial Results

• Revenue: NZ$4.86b (up 51% from FY 2023).
• Net income: NZ$429.0m (up 352% from FY 2023).
• Profit margin: 8.8% (up from 2.9% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: NZ$0.17 (up from NZ$0.037 in FY 2023).

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

Meridian Energy EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%.

Looking ahead, revenue is expected to decline by 3.9% p.a. on average during the next 3 years, while revenues in the Global Renewable Energy industry are expected to grow by 9.1%.

Performance of the market in New Zealand.

The company's shares are down 5.7% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Meridian Energy's balance sheet health.

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