ACWA Power Third Quarter 2024 Earnings: EPS: ر.س0.45 (vs ر.س0.54 in 3Q 2023)

ACWA Power (TADAWUL:2082) Third Quarter 2024 Results

Key Financial Results

• Revenue: ر.س1.75b (up 13% from 3Q 2023).
• Net income: ر.س328.1m (down 17% from 3Q 2023).
• Profit margin: 19% (down from 26% in 3Q 2023).
• EPS: ر.س0.45 (down from ر.س0.54 in 3Q 2023).

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

ACWA Power Earnings Insights

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Renewable Energy industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are down 7.1% from a week ago.

Risk Analysis

Be aware that ACWA Power is showing 2 warning signs in our investment analysis and 1 of those can't be ignored...

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