NZ electricity gentailers set to report record earnings
Four listed power companies are poised to announce their strongest combined earnings on record, though brokers differ on future momentum.
Contact, Genesis, Mercury and Meridian are forecast to report combined earnings of $3.68 billion for the year to June 30, up 41 percent from the previous year. This would represent the strongest combined earnings on record for the four listed electricity gentailers. Despite the record result, major brokers covering the sector have differing views on how much earnings growth will continue into the year ahead.
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Gentailers earnings preview: Record earnings, when good news is bad news
The four listed electricity gentailers are about to report their strongest combined earnings on record, but the two major brokers covering the sector differ over how much momentum will carry into the year ahead. Forsyth Barr is forecasting combined earnings…