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Mercury NZ and Genesis Energy Poised for Earnings Upgrades

Jan 21, 2025

Jarden analysts suggest Mercury NZ Ltd (NZX: MCY) and Genesis Energy Ltd (NZX: GNE) may soon announce upgraded earnings guidance, driven by positive trends in the Electricity Authority’s latest energy margin data. Published on December 29, the data indicates potential profitability growth for electricity generator-retailers. Mercury appears on track to revise its FY2025 earnings guidance, currently set at $820 million, while Genesis also shows signs of an earnings uplift. These projections underscore the value of the margin data as a predictor of profitability in the sector.

 

 

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