National Grid profits tumble but power group bullish longer term
Portfolio Pulse from
National Grid PLC reported a significant drop in interim profits but remains optimistic about steady earnings growth over the next five years.
November 07, 2024 | 10:00 am
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NEUTRAL IMPACT
National Grid PLC experienced a significant drop in interim profits but is optimistic about steady earnings growth over the next five years.
The news of a significant drop in interim profits could negatively impact short-term stock prices. However, the company's forecast of steady earnings growth over the next five years may offset this impact, leading to a neutral short-term outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80