Yahoo Finance Emera Full Year 2023 Earnings: EPS Beats Expectations
Emera (TSE:EMA) Full Year 2023 Results
Key Financial Results
Revenue: CA$7.56b (flat on FY 2022).
Net income: CA$978.0m (up 3.5% from FY 2022).
Profit margin: 13% (in line with FY 2022).
EPS: CA$3.57 (up from CA$3.56 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Emera EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%.
Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Electric Utilities industry in North America.
Performance of the market in Canada.
The company's shares are down 2.5% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 3 warning signs for Emera you should be aware of, and 1 of them shouldn't be ignored.
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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.
