ENLT Earnings Prediction
The chart below shows how ENLT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ENLT sees a -0.77% change in stock price 10 days leading up to the earnings, and a +4.23% change 10 days following the report. On the earnings day itself, the stock moves by -0.07%. This data can give you a slight idea of what to expect for the next quarter's release.
ENLT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
109.50M
87.75%
29.28%
Gross Margin
55.68%
13.82%
9.95%
Operating Margin
53.45%
8.93%
43.18%
Net Margin
22.09%
-50.70%
97.76%
EPS
0.12
-33.33%
100.00%
No Data Available
ENLT Earnings Analysis
Enlight Renewable Energy Ltd. Ordinary Shares Corporation (ENLT.O) Earnings Conference Call
Positive
Q3 Revenue Surge: 1. Significant Revenue Growth: Revenue for Q3 2024 increased by 88% to $109 million compared to $58 million in Q3 2023, driven by strong operational performance and new project additions.
Adjusted EBITDA Surge: 2. Robust Adjusted EBITDA Increase: Adjusted EBITDA grew by 86% to $88 million in Q3 2024, up from $47 million in the same quarter last year, reflecting the positive impact of new projects and higher production.
Cash Flow Surge: 3. Strong Cash Flow from Operations: Cash flow from operations rose to $66 million in Q3 2024, marking a 115% increase year-over-year, showcasing improved operational efficiency and project performance.
2024 Revenue Guidance Increase: 4. Increased 2024 Guidance: The company raised its 2024 revenue guidance to a range of $355 million to $370 million, up from $345 million to $360 million, and adjusted EBITDA guidance to $255 million to $270 million, reflecting confidence in continued growth.
Project Portfolio Expansion: 5. Expansion of Project Portfolio: Enlight added 500 megawatts of new generation capacity and 1.5 gigawatt hours of energy storage to its operational portfolio in the past nine months, with expected contributions of approximately $105 million in revenues and $80 million in EBITDA in 2025.
Negative
Net Income Decline: 1. Decline in Net Income: Net income decreased from $26 million in Q3 2023 to $24 million in Q3 2024, representing a 7% decline year-over-year.
Rising Operating Expenses: 2. Increased Operating Expenses: Operating expenses rose by $9 million due to new projects, contributing to a decrease in net income despite revenue growth.
Foreign Currency Impact: 3. Foreign Currency Losses: The company reported a $4 million loss on the revaluation of foreign currency assets, negatively impacting net income.
Increased Overhead Impact: 4. Higher Overhead Costs: Overhead costs increased by $3 million, further straining profitability despite revenue growth.
Project Timeline Delays: 5. Delayed Project Timelines: The CO Bar project has been delayed, which may impact future revenue projections and operational timelines.
ENLT FAQs
How does ENLT typically perform around its earnings report dates?
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ENLT Earning Call Sentiment
Enlight Renewable Energy Ltd (ENLT) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
ENLT.O
0.25%Positive
The earnings call summary is generally positive with strong financial performance, increased guidance, and strategic expansion plans. The Q&A section reveals some concerns about regulatory issues and unclear responses regarding project timelines, but these do not significantly alter the overall positive sentiment. The company's strong revenue growth, increased cash flow, and strategic positioning in a growing market outweigh the potential risks. The market cap suggests a moderate reaction, likely resulting in a positive stock price movement of 2% to 8% over the next two weeks.