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Enlight Renewable Energy (IL:ENLT)
:ENLT
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Earnings Data
Report Date
Mar 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
1.12Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 29, 2021
|% Change Since: -98.97%
|Next Earnings Date:May 25, 2021
Earnings Call Sentiment|Positive
The earnings call reflects a strong overall performance with significant revenue growth and project expansions, particularly in the US and MENA regions. However, challenges such as net income decline and project delays due to interconnection complexities highlight areas for improvement.Company Guidance
During Enlight's third quarter 2024 earnings call, the company reported significant financial growth and provided updated guidance metrics. Revenue for the first nine months of 2024 increased by 56% to $285 million compared to the same period in 2023, while adjusted EBITDA rose by 50% to $214 million. In the third quarter alone, revenue surged 88% to $109 million, with adjusted EBITDA growing 86% to $88 million. Despite a decrease in net income to $24 million, net income excluding one-off items grew by 114% to $26 million. Cash flow from operations also increased by 115% to $66 million. As a result, Enlight raised its 2024 revenue guidance to a range of $355 million to $370 million and its adjusted EBITDA guidance to $255 million to $270 million, reflecting an increase of $10 million at the midpoint for both metrics. The company highlighted its major expansion plans, adding 500 megawatts of new generation capacity and 1.5 gigawatt hours of new energy storage capacity, with expectations for significant contributions to revenue and EBITDA in 2025.Strong Revenue Growth
Revenue grew 56% to $285 million in the first nine months of 2024, with a third-quarter increase of 88% to $109 million.
Significant Expansion in US Projects
New generation capacity of 500 MW and energy storage capacity of 1.5 GWh were added to the operational portfolio, with further construction on 810 MW of generation and over 2 GWh of storage.
European and MENA Market Success
Revenues in Europe were up 24%, and in MENA, revenues increased by 223%, driven by significant project completions.
Improved Financial Guidance
Guidance for 2024 revenue and adjusted EBITDA increased by $10 million at the midpoint due to strong performance.
High Demand and Market Conditions
The US electricity demand is strong, leading to high PPA prices and favorable returns on projects.
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IL:ENLT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IL:ENLT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | 5695.00 | 5899.00 | +3.58% |
| Aug 07, 2024 | 5700.00 | 5920.00 | +3.86% |
| May 08, 2024 | 6529.00 | 6683.00 | +2.36% |
| Feb 26, 2024 | 6490.00 | 6139.00 | -5.41% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Enlight Renewable Energy (IL:ENLT) report earnings?
Enlight Renewable Energy (IL:ENLT) is schdueled to report earning on Mar 27, 2025, TBA Not Confirmed.
What is Enlight Renewable Energy (IL:ENLT) earnings time?
Enlight Renewable Energy (IL:ENLT) earnings time is at Mar 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Enlight Renewable Energy stock?
The P/E ratio of Enlight Renewable Energy is N/A.
What is IL:ENLT EPS forecast?
Currently, no data Available
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