Atlantica Sustainable Infrastructure Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag
Atlantica Sustainable Infrastructure (NASDAQ:AY) Full Year 2023 Results
Key Financial Results
Revenue: US$1.20b (up 9.0% from FY 2022).
Net income: US$43.4m (up from US$5.44m loss in FY 2022).
Profit margin: 3.6% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
EPS: US$0.37 (up from US$0.047 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Atlantica Sustainable Infrastructure EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) exceeded analyst estimates by 45%.
Looking ahead, revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Renewable Energy industry in the US.
Performance of the American Renewable Energy industry.
The company's shares are down 3.4% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for Atlantica Sustainable Infrastructure you should be aware of, and 1 of them is significant.
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