Innergex Renewable Energy Full Year 2023 Earnings: Misses Expectations
Innergex Renewable Energy (TSE:INE) Full Year 2023 Results
Key Financial Results
Revenue: CA$1.04b (up 20% from FY 2022).
Net loss: CA$98.5m (loss widened by 13% from FY 2022).
CA$0.51 loss per share (further deteriorated from CA$0.43 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Innergex Renewable Energy Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates significantly.
Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Renewable Energy industry in Canada.
Performance of the Canadian Renewable Energy industry.
The company's shares are up 1.0% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Innergex Renewable Energy (1 makes us a bit uncomfortable) you should be aware of.
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