Capital Power Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags

·1 min read

Capital Power (TSE:CPX) Full Year 2022 Results

Key Financial Results

  • Revenue: CA$2.93b (up 67% from FY 2021).

  • Net income: CA$138.0m (up 214% from FY 2021).

  • Profit margin: 4.7% (up from 2.5% in FY 2021). The increase in margin was driven by higher revenue.

  • EPS: CA$0.85 (up from CA$0.39 in FY 2021).

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

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

Capital Power Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) missed analyst estimates by 67%.

Looking ahead, revenue is expected to decline by 6.5% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Canada are expected to grow by 3.2%.

Performance of the Canadian Renewable Energy industry.

The company's shares are down 1.9% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Capital Power 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.

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