Northland Power Full Year 2023 Earnings: EPS Misses Expectations
Northland Power (TSE:NPI) Full Year 2023 Results
Key Financial Results
Revenue: CA$2.23b (down 8.8% from FY 2022).
Net loss: CA$175.2m (down by 122% from CA$816.5m profit in FY 2022).
CA$0.69 loss per share (down from CA$3.46 profit in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Northland Power EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to grow 9.4% 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 share price is broadly unchanged from a week ago.
Risk Analysis
You still need to take note of risks, for example - Northland Power has 2 warning signs (and 1 which shouldn't be ignored) we think you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
