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Polaris Renewable Energy Third Quarter 2022 Earnings: Misses Expectations

Polaris Renewable Energy (TSE:PIF) Third Quarter 2022 Results

Key Financial Results

  • Revenue: US$14.5m (down 2.0% from 3Q 2021).

  • Net loss: US$1.49m (down by 169% from US$2.18m profit in 3Q 2021).

  • US$0.07 loss per share (down from US$0.11 profit in 3Q 2021).

earnings-and-revenue-growth
earnings-and-revenue-growth

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

Polaris Renewable Energy Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) also missed analyst estimates by 17%.

Looking ahead, revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Renewable Energy industry in Canada.

Performance of the Canadian Renewable Energy industry.

The company's shares are down 4.9% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Polaris Renewable Energy has 3 warning signs (and 2 which make us uncomfortable) we think you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.

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