GNE Earnings Prediction
The chart below shows how GNE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GNE sees a +7.45% change in stock price 10 days leading up to the earnings, and a -0.85% change 10 days following the report. On the earnings day itself, the stock moves by -6.05%. This data can give you a slight idea of what to expect for the next quarter's release.
GNE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
111.92M
-10.50%
23.40%
Gross Margin
33.87%
3.11%
-7.86%
Operating Margin
10.50%
-26.57%
-10.87%
Net Margin
9.16%
-21.03%
-12.60%
EPS
0.38
-28.30%
5.56%
No Data Available
GNE Earnings Analysis
GENIE ENERGY LTD Corporation (GNE.N) Earnings Conference Call
Positive
Strong Quarterly Results: Genie Energy's third quarter results were strong across the board.
Operational Income and EBITDA: We generated $12 million in income from operations and $14 million in adjusted EBITDA.
Adjusted EBITDA Performance: Through the first nine months of 2024, we have generated $37 million in adjusted EBITDA and are on track to deliver on the high-end of our annual adjusted EBITDA guidance of $40 million to $50 million.
Residential Electricity Growth: At GRE, our retail energy business, a large residential electricity aggregation deal helped us to add approximately 36,000 net new meters during the quarter.
Capital Growth and Returns: We continue to build our capital base to pursue additional growth opportunities while returning value to stockholders through dividends and stock buybacks.
Negative
Q3 Revenue Decline: Consolidated revenue in the third quarter decreased 10.5% to $111.9 million.
Revenue Decline in GRE: The decrease was driven entirely by GRE where revenue declined 12.1% to $105.8 million, primarily reflecting a decrease in kilowatt hours sold due to lower per meter consumption.
Decline in Operating Income: Solid income from operations decreased 34.7% to $11.7 million.
EBITDA Decline: Adjusted EBITDA decreased 26.7% to $13.6 million.
Earnings Per Share Decline: Genie's income per diluted share was $0.38 in the third quarter compared to $0.53 a year earlier.
GNE FAQs
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GNE Earning Call Sentiment
Genie Energy Ltd. (GNE) Q3 2024 Earnings Call Transcript
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GNE.N
-0.21%Positive
The earnings call highlights mixed signals: strong operational updates with market expansion and positive EBITDA, but declining revenue and income due to external factors like weather. Shareholder returns are positive, but competitive pressures and regulatory challenges pose risks. The absence of Q&A questions suggests no immediate concerns from analysts, but the lack of strong positive catalysts or new partnerships tempers optimism. Therefore, the stock price is likely to remain stable in the short term.
