Yahoo Finance Meridian Energy Full Year 2024 Earnings: EPS Beats Expectations
Meridian Energy (NZSE:MEL) Full Year 2024 Results
Key Financial Results
Revenue: NZ$4.86b (up 51% from FY 2023).
Net income: NZ$429.0m (up 352% from FY 2023).
Profit margin: 8.8% (up from 2.9% in FY 2023). The increase in margin was driven by higher revenue.
EPS: NZ$0.17 (up from NZ$0.037 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Meridian Energy EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%.
Looking ahead, revenue is expected to decline by 3.9% p.a. on average during the next 3 years, while revenues in the Global Renewable Energy industry are expected to grow by 9.1%.
Performance of the market in New Zealand.
The company's shares are down 5.7% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Meridian Energy's balance sheet and an in-depth analysis of the company's financial position.
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