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 +5.79% change in stock price 10 days leading up to the earnings, and a +1.43% change 10 days following the report. On the earnings day itself, the stock moves by -5.60%. 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
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Gross Margin
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Operating Margin
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Net Margin
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EPS
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No Data Available
GNE Earnings Analysis
Genie Energy Ltd Corporation (GNE.N) Earnings Conference Call
Positive
Strong Financial Performance: Genie Energy achieved the high-end of their adjusted EBITDA guidance for the full year 2024, indicating strong financial performance.
Meter Book Expansion: The company added 23,000 net new meters in Q4 and over 60,000 for the full year, marking a nearly 17% increase in their meter book.
Customer Retention Success: Customer retention programs successfully reduced churn, contributing to the growth in customer acquisitions.
Electricity Sales Margin Analysis: Despite lower electricity margins compared to the previous year, the fourth quarter's margin on electricity sales remained above historical seasonal averages.
Market Expansion Opportunities: Genie Energy is expanding its growth in the Texas electricity market and has begun generating revenue from natural gas in California, showcasing new growth opportunities.
Renewables Business Progress: The renewables business (GREW) made significant progress in 2024, ending the year with a strong fourth quarter.
Negative
Electricity Margin Decline: Lower electricity margins in Q4 compared to the previous year due to a shift towards fixed price meters, despite still being above historical averages.
Mild Weather Impact on Consumption: Reduced levels of per meter electricity and gas consumption attributed to mild weather conditions in October, impacting overall performance.
Growth Initiatives Impact Profitability: Significant investments in growth initiatives may strain financial resources and affect short-term profitability.
Risks and Uncertainties: The company faces risks and uncertainties that could lead to actual results differing materially from forecasts, as highlighted in their forward-looking statements.
Non-GAAP Measure Concerns: The reliance on non-GAAP measures may obscure the true financial performance of the company, raising concerns about transparency.
GNE FAQs
How does GNE typically perform around its earnings report dates?
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GNE Earning Call Sentiment
Genie Energy Ltd. (NYSE:GNE) Q4 2024 Earnings Call Transcript
GNE.N
-3.52%Positive
The earnings call summary highlights positive developments such as successful market expansion, significant customer acquisition, and effective churn reduction. Despite lower electricity margins, the company achieved high-end adjusted EBITDA guidance and initiated a share buyback program. The absence of questions in the Q&A suggests no major concerns from analysts. Overall, these factors contribute to a positive sentiment, likely leading to a stock price increase of 2% to 8%.
