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Infratil Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

Infratil (NZSE:IFT) Full Year 2023 Results

Key Financial Results

  • Revenue: NZ$1.19b (up 39% from FY 2022).

  • Net income: NZ$313.0m (up by NZ$269.5m from FY 2022).

  • Profit margin: 26% (up from 5.1% in FY 2022). The increase in margin was driven by higher revenue.

  • EPS: NZ$0.43 (up from NZ$0.06 in FY 2022).


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

Infratil EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 23%. Earnings per share (EPS) exceeded analyst estimates by 20%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 2 years, while revenues in the Electric Utilities industry in New Zealand are expected to remain flat.

Performance of the New Zealander Electric Utilities industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Infratil that you should be aware of.

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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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