Tenaga Nasional 1Q Earnings Beat Estimates: EPS 17.42 sen vs. 9.750 sen Estimate

• Tenaga Nasional Berhad (TNB) reported its first quarter earnings for the financial year of 2023.
• EPS (earnings per share) came in at 17.42 sen, beating the analyst consensus estimate of 9.750 sen.
• Net income for the quarter was 1.00 billion ringgit, and revenue was 12.63 billion ringgit.
• Among analysts, 9 rate the stock a “buy”, 9 rate it a “hold”, and 3 rate it a “sell”.

A look at Tenaga Nasional‘s Smart Scores

Tenaga Nasional Berhad is a Malaysian utility company that transmits, distributes, and sells electricity. With a Smartkarma Smart Score of 3 for Value, 4 for Dividend, 3 for Growth, 2 for Resilience, and 4 for Momentum, Tenaga Nasional has a generally positive long-term outlook. The company is well-positioned to provide high dividend yields and a steady stream of income for investors.

Moreover, Tenaga Nasional‘s high Momentum score indicates that the company is likely to have increasing growth potential over the long-term. Through its subsidiaries, the company also manufactures, sells, and repairs transformers and switchgears, as well as provides project management and consultancy services, engineering works, and energy project development services. With its strong dividend yields, growth potential, and wide range of services, Tenaga Nasional is well-positioned for a successful future.

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