Capital Power Full Year 2023 Earnings: Revenues Beat Expectations
Capital Power (TSE:CPX) Full Year 2023 Results
Key Financial Results
Revenue: CA$4.12b (up 52% from FY 2022).
Net income: CA$720.0m (up by CA$621.0m from FY 2022).
Profit margin: 18% (up from 3.7% in FY 2022). The increase in margin was driven by higher revenue.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Capital Power Revenues Beat Expectations
Revenue exceeded analyst estimates by 14%.
Looking ahead, revenue is expected to decline by 21% p.a. on average during the next 2 years, while revenues in the Renewable Energy industry in Canada are expected to grow by 2.5%.
Performance of the Canadian Renewable Energy industry.
The company's shares are up 2.3% from a week ago.
Risk Analysis
You should learn about the 5 warning signs we've spotted with Capital Power (including 1 which is significant).
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